Cengage Advantage Books: Law for Business 18th Edition by John Ashcroft ,Janet Ashcroft

تمرين 29

Tim Beverick, an attorney for Koch Power Inc. was negotiating a contract for the purchase of electricity over a ten-year period. He alleged that Koch orally had promised that he and another attorney would split a bonus of 10 to 15 percent of the expected savings when the contract was executed. It took Beverick two years to get the contract signed. Koch did not pay the bonus, and Beverick sued for breach of contract and promissory estoppel. He testified there would have had to be a lot of things fall in place to get the contract signed within one year. Did the Statute of Frauds ban the suit based on an oral promise that could not be completed within one year? [ Beverick v. Koch Power Inc. , 186 SW3d 145 (Tex. Ct. App.)]