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LONG SIGNATURE HOMES v. FAIRFIELD WOODS

Record No. 930890.

445 S.E.2d 489 (1994)

LONG SIGNATURE HOMES, INC. v. FAIRFIELD WOODS, INC.

Supreme Court of Virginia.

June 10, 1994.

Attorney(s) appearing for the Case

Thomas P. Mains, Jr., Alexandria (Mains & Mains, on brief), for appellant.

Ronald M. Maupin, Spotsylvania (Gardner & Maupin, on brief), for appellee.

Present: All the Justices.

WHITING, Justice.

In this declaratory judgment action, we decide whether a contract to sell building lots has been terminated due to an alleged impossibility of performance.

On June 18, 1987, Fairfield Woods, Inc. (the seller) and Long Signature Homes, Inc. (the purchaser) entered into a contract in which the seller agreed to develop, and the purchaser agreed to buy, 382 building lots in the seller's subdivision known as Fairfield Woods in Spotsylvania County...

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