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Issue

Rule of law

Application

Conclusion

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William Skebba was a top sales executive for M.W. Kasch Co. The company was failing financially, and Skebba received another job offer. Jeffrey Kasch, one of the owners of the company, persuaded Skebba not to take the job and agreed to pay Skebba $250,000 if the company were sold while Skebba was still employed there. Though Skebba repeatedly asked for a written memorialization of the agreement, Kasch never provided one. The company was sold for $5.1 million; however, Kasch refused to pay Skebba the promised amount, denying ever having made the agreement. Assuming that there is no enforceable contract here, can Skebba recover by claiming promissory estoppel? What would be his recovery?