Business Law 5th Edition by David Twomey ,Marianne Jennings ,Stephanie Greene

Exercise 9

Kelsoe worked for International Wood Products, Inc., for a number of years. One day Hernandez, a director and major stockholder of the company, promised Kelsoe that the corporation would give her 5 percent of the company's stock. This promise was never kept, and Kelsoe sued International for breach of contract. Had the company broken its contract [Kelsoe v International Wood Products, Inc., 588 So2d 877 (Ala)]