Question

Which of the following was the result on appeal in the Case Opener involving the alleged breach of an oral contract based on the plaintiff lawyer loaning a corporate client funds and the client later reneging on a promise, made in gratitude, to give the lawyer three percent of the company's stock?

Answer 1

Answer:

That the promise was not enforceable because it was a gift.  

Explanation:

A plaintiff lawyer loaning a corporate client funds who is breached of an oral contract that the client will  give the lawyer three percent of the company's stock. The client later breaks his promise and denied the plaintiff lawyer three percent of the company's stock.

The result on appeal in the case was that the client promised to give the lawyer three percent of the company stock as a gift but the promise is not enforceable. The client now can deny giving three percent of the company's stock to the lawyer.

Hence the answer is

That the promise was not enforceable because it was a gift.