Stephan v. Maloof

Judgment was entered for plaintiff, a licensed general contractor, and against defendants in the sum of $12,597 for loss of profits arising from breach of an oral agreement to construct a, one-story shopping center on certain Los Angeles property belonging to defendants as co-owners (tenants in common). Three points,are made on defendants’ appeal from the judgment—first, contrary to the parties’ intentions, the agreement was never reduced to writing and henee no binding agreement resulted; second, the trial court erroneously found that defendant George Maloof while dealing with plaintiff had…