Plaintiffs, assignees of an oil lease of land, after drilling a dry hole thereon, did not comply with the requirements of their agreement for further development within a stipulated time, in consequence of which there was a formal termination in accordance with the terms of the assignment. An extension of the lease, which the lessees obtained, was assigned to the defendants, who had knowledge of the foregoing circumstances and plaintiffs' claim of a property right in the dry hole. Defendants promised to pay plaintiffs for the use of the dry hole, but subsequently repudiated any liability on the promise. Held, that defendants' promise to pay for the use of the dry hole was not legally enforceable because made without consideration. Kirchoff v. Morris, 282 Mich. 90, 275 N. W. 778 (1937).
Michigan Law Review,
CONTRACTS - MORAL OBLIGATION AS CONSIDERATION - PROMISE TO PAY FOR BENEFITS PREVIOUSLY RECEIVED,
Mich. L. Rev.
Available at: https://repository.law.umich.edu/mlr/vol36/iss6/13