Bright Radio Laboratories, Inc. v. Coastal Commercial Corp.

Defendant by written agreement, in consideration of the sum of $8,000 to be paid by plaintiff, obligated itself to guarantee payment, not in excess of $37,500, for the purchase of materials by plaintiff in connection with a contract made by plaintiff with the United States Signal Corps. The agreement contained a provision that, “ This Agreement cannot be changed or terminated orally.” Defendant received payment of the $8,000 out of the proceeds of the Signal Corps contract which had been assigned to it by plaintiff.

Based upon a claim that the agreement for payment by plaintiff of $8,000 was…