Facts: Latif sought to enforce a real estate purchase agreement against Nair, claiming an oral agreement was formed for a $1 million property sale, with $50,000 paid as a deposit.
Issue: Whether an enforceable contract existed between the parties, given the dispute over terms and the absence of a written agreement meeting the Statute of Frauds.
Court's Ruling: The court found no enforceable contract existed, citing the lack of clarity on essential terms and failure to satisfy the Statute of Frauds for real estate transactions. Latif's claim was dismissed, and Nair's counterclaim for abuse of process was also dismissed.
Costs/Damages: Latif was ordered to pay Nair $20,000 in costs due to the unsuccessful litigation attempt.
