In Ragosta v. Wilder156 Vt. 390, 592 A.2d 367 (Vt. 1991), Wilder told Ragosta he would sell them some
property for $88k, if they showed up with the money before it was sold to
someone else.Ragosta spent $7k
arranging financing.Then Wilder
backed out.The Trial Court found
that Ragosta had begun performance.The Appellate Court reversed saying that it could be
retried, but only on grounds of promissory estoppel, since Ragosta was only in "preparation for
performance."