The Texarkana Court of Appeals recently issued an opinion in Lee v. Jorgenson, which offers a critical reminder about the need to have all livestock sales contracts in writing. [Read opinion here.]
Background
Ralph Lee sold Waygu cattle to TJ’s Land and Cattle Company, LLC, (“the LLC”) of which Tom Jorgenson was a member. Lee alleges this was a “handshake deal” that was memorialized in a Cattle Purchase Agreement (“CPA”). The CPA was not signed by Jorgenson or anyone representing the LLC, but did include price terms for Waygu steers, stated bills were to be sent to…
