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What is Greenwood Mills v. Russell Corp: Deposit Dispute about?

This summary discusses a case between Greenwood Mills and Russell Corporation regarding the sale of a textile plant. Russell put down a $600,000 deposit on the plant but later decided not to purchase it after an environmental audit revealed significant contamination issues. Greenwood sued to keep the deposit and recover $1.5 million in losses from auctioning equipment early. The jury found for Greenwood on both counts. The appellate court affirmed that Russell was not entitled to a refund of the deposit, as

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Scribd Government Docs

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