Charter Golf, Inc. manufactures and sells golf apparel and supplies. Ken worked as a charter sales representative for 6 months when he was offered a position with a competing firm. Charter's president, Jerry, offered Ken a 10% commission "for the rest of his life" if Ken would turn down the offer and stay on with Charter. He also promised that Ken would not be fired unless he was dishonest. Ken turned down the competitor's offer and stayed with Charter. Three years later, charter fired Ken for no reason. Ken sued, alleging breach of contract.
1. Does Ken's employment contract fall within the statue of frauds? Why or why not?
2. Suppose that Jerry had taken put a pencil and written 10% for life" on the back of a receipt, and handed it to Ken. Would that satisfy the Statute of Frauds? Why or why not?
Please included references.
Ken's employment contract falls within the statue of frauds because the agreement is not to be performed within the space of 1 year from making the agreement. The agreement between Charter and Ken falls within the statue of frauds because it is presumed that Ken would live more than one year. "For Life" is presumed to be for ...
This solution of 211 words explains statute of frauds and its application to Charter Golf case in two main steps. The sources used are also included in the solution.