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1. George Richert agreed to retain Crye-Leike Realtors as his sole and exclusive real estate agent to find a building for Richert's business. The agency contract was signed by Richert and by Colman Borosky for Crye-Leike. All parties understood that Richert would soon form a corporation that would be the actual party to lease the building found by Crye-Leike. A month later, Richert formed WDM Inc. Richert was president and CEO. WDM never formally adopted the agency contract with Crye-Leike. However, Crye-Leike con- tacted various landlords for WDM, showed several properties to WDM, and prepared an offer to lease space on behalf of WDM. All these efforts were done with Richert's full knowledge. When WDM hired an- other real estate agent, Crye-Leike sued for breach of the exclusive agency contract. WDM claimed that it was not a party to the contract between Richert and Crye-Leike. Was WDM correct?
2. Stufft Farms was a Montana corporation that owned and operated a family farm. The only shareholders were five family members. The bylaws included a share-transfer restriction stating that no shareholder had the right to sell her shares without first offering the shares to the corporation and shareholders at book value. Neil Johnson offered to purchase all of Stufft Farms's shares. His offer was contingent upon all of the shares being tendered to him. When four share- holders accepted Johnson's offer, the fifth shareholder, David Stufft, who did not accept the offer, argued that he had the right to buy the shares of the tendering four shareholders at book value. Was he correct?