Tennessee Court of Appeals Reverses Breach of Contract Ruling in Estate Case
The Tennessee Court of Appeals has reversed a lower court's ruling in a breach of contract action concerning the purchase of a decedent's ownership interest in a company. The case, 'ROBERT C. BULLARD V. DIANE K. WOLFORD, EXECUTRIX OF THE ESTATE OF JAMES L. (BUCKY) WOLFORD, ET AL.', involved plaintiff Robert C. Bullard, who alleged that the defendants, Diane K. Wolford, Executrix of the Estate of James L. (Bucky) Wolford, and the Irrevocable Trust of James L. Wolford, wrongfully refused to facilitate the transfer of the decedent's interest after his passing. The trial court, with the assistance of a jury empaneled to make specific factual findings, had initially ruled in favor of Bullard. However, the appellate court, presided over by Judge MCCLARTY, reversed this decision, holding that Bullard failed to exercise his option to purchase in accordance with the terms of the operating agreement. 
