SEA-VAN Investment Associates, et.al. v. Hamilton

Outcome: Supreme Court held no contract existed-Defense

Description: SEAVAN attempted to buy property from Hamilton based on exchange of simple letters. Seller called for installment sale contract by letter in response to buyer. Material terms of seller financing were not specified nor agreed to by parties. Court held there was no contract between parties absent clear agreement as to terms. Therefore the court dismissed plaintiff SEA-VAN's claims against Hamilton.