222 N.Y. 88 (1917) One-Sentence Takeaway: In exclusive agency or output/requirements contracts, courts will imply a promise to use reasonable efforts to make the deal work, even if not specifically stated in the contract. Summary: Defendant (Lucy), an influential fashion guru, employed Plaintiff (Wood) to help her market her appeal. Plaintiff was to have exclusive rights […]
Articles Tagged: consideration
Adequate Consideration
The return that a promisor receivers for his or her promise, where all contracting parties receive each other’s promises as consideration for their own.
Angel v. Murray
Citation: 322 A.2d 630 (R.I. 1974). Summary: City of Newport (Plaintiff) had entered into a 5-year contract with Defendant to collect garbage for $137,000 per year. Following that contract, the city experienced unanticipated increase in the number of residents which resulted in substantial unanticipated increase in the amount of garbage that Defendant was required to collect under […]