Robert Shelborne asked William Williams to represent him in a deal with Robert Tundy. Shelborne expected to
Question:
Robert Shelborne asked William Williams to represent him in a deal with Robert Tundy. Shelborne expected to receive $31 million from the deal and agreed to pay Williams a fee of $1 million. Tundy said that a tax of $100,000 would have to be paid first. Shelborne asked James Parker to loan him $50,000. Parker, Shelborne, and Williams wired the funds to Tundy. They never heard from him again. No $31 million was transferred. Shelborne then disappeared. Parker filed a suit against Williams, alleging breach of contract. Parker offered as evidence a recording of a phone conversation in which Williams guaranteed Shelborne’s loan. Does Williams have a defense under the Statute of Frauds? In this case, who, if anyone, behaved ethically? Discuss. [Parker v. Williams, 977 So.2d 476 (Ala. 2007)]
Step by Step Answer:
Business Law Text and Exercises
ISBN: 978-1305509603
8th edition
Authors: Roger LeRoy Miller, William E. Hollowell