More details to this question:
Someone sent us an email promising to donate a specific amount of money to help finance our business and they state they will be the sole financial provider/advisor for us. This person failed to give us the money and we have not heard from him since February 14 do we have grounds to sue this person. We provided him everything he asked for our business plan and financial report. This process begin over 8 months ago and on several different occasions he has made appointments for us to meet and pick up the check and each time he cancelled.
1 ANSWER
A contract by email can be binding, but I'm not sure what you have would be a contract, even if it was signed and notarized. Was this person getting any consideration for his money, such as an interest in the business or a promise to repay the money with interest, or was it just supposed to be a gift? Without consideration there is no contract. Were all the terms worked out, or just the general idea? Was the intent to execute a more formal agreement at some point? Was the intent that you would have a finding agreement only when he gave you the money?
In other words, email should not be a problem, but you may have other problems.
Answered on Mar 20th, 2014 at 3:31 PM