Sufficient consideration to make this promise enforceable

Assignment Help Operation Management

Reference no: EM132176820

Sullivan Brothers Realty & Construction Co. had a lead on a "prime" piece of real estate. Although Sullivan Brothers did not have a listing agreement with the seller of the property, he contacted Plummer Properties. Sullivan Brothers knew that Plummer was looking for a location for a commercial development. Sullivan Brothers contacted Plummer stating only that he had the "finest, most outstanding, viable location in the county and it just came on the market." Sullivan Brothers said he would reveal the location of the property and the owner's name if Plummer would sign an agreement which would require Plummer to pay a 10% commission if a sale of the property resulted. The agreement was signed. Four months later, Plummer bought the property after negotiating the deal himself. Plummer claims he does not owe a commission to Sullivan Brothers because there was insufficient consideration to support the payment of commission so large. Plummer claims that all Sullivan Brothers did in the entire transaction was to reveal the location of the property and the owner's name. Was there sufficient consideration to make this promise enforceable? Why or why not? Explain the legal principles.

Reference no: EM132176820

Questions Cloud

Discuss five learning theories considered relevant today : Create an annotated bibliography listing ten resources, discussing at least five learning theories considered relevant today.

Differences between job rotation and job enlargement : How significant are the differences between job rotation and job enlargement? Which of the two practices do you expect would be more beneficial

Calculate the degrees of freedom : Using a standard deck of 52 cards, he randomly "cuts" the deck twenty times and records the suit of the top card. Calculate the degrees of freedom

What experience you have in your field : What experience you have in your field? What you plan to do with your degree once you have it?

Sufficient consideration to make this promise enforceable : Was there sufficient consideration to make this promise enforceable? Why or why not? Explain the legal principles.

Management style reflect situational theories of leadership : How does this person's leadership and/or management style reflect situational theories of leadership?

How the buying behaviors would affect marketing activities : We market to consumers differently than we do when we market to businesses. There are some marketing basics that are the same but there are also many difference

Shared service delivery model benefit the employees : How can a shared service delivery model benefit the employees and management of an organization?

Determine and manipulate laplace transforms : PRACTICAL ACTIVITY - Determine, and accurately document, the engineering problems to be solved, and the numerical computations and simulation to be undertaken

User Account

All Pages