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Gary’s hobby was collecting antique guns. His collection consisted of many rare guns. One day, while visiting with Cody, a fellow collector, Cody said, “When I retire, I am going to sell my collection to you.” Gary said he looked forward to the day when he could buy the collection. Gary then spent a year and a great deal of money remodeling a room in his house to display the collection. When Gary told Cody that he was remodeling the room, Cody said nothing. Cody also knew that Gary had borrowed money to remodel the room. When Cody retired, he sold his collection to someone else. Gary sued Cody claiming breach of contract.
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