Grimsley Contract Lawyer, Tennessee

... If the language of the contract is clear and unambiguous, the literal meaning controls the outcome of the dispute. Planters Gin Co. v. Fed. ... 2001). In construing a contract, the entire contract should be considered in determining the meaning of any or all of its parts. ...

... Mr. Sprouse later denied that Mr. Ellis mentioned his lease during this conversation. On May 10, 2004, Mr. Sprouse [3] signed a contract to purchase the property for $440,000. The contract contained a handwritten notation that admonished that the "Current lease not ... ...

... This certified question presupposes that Tennessee recognizes the economic loss doctrine, a judicially created principle that reflects an attempt to maintain separation between contract law and tort law by barring recovery in tort for purely economic loss. ...