Roberta Sacks has been negotiating with the owner of a 7 acreparcel of undeveloped property in order to create a small equinecenter for riding lessons, boarding, and summer camps. Ms. Sacksand the owner finally agree on the terms of the purchase and saleand before receiving the written contract, Ms. Sacks pays the owner$250,000.00 to bind the deal. Again, before receiving any contractdocumentation, Ms. Saks hires a contractor to enter the land andbegin clearing the trees from the area that will house the arena.This work continues for two weeks until the owner shows up at Ms.Saks home, hands her back her
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