Roy Annett, Inc. v. Kerezsy

In the early summer of 1950, an executive of General Motors Corporation asked Roy An-nett, president of the plaintiff company, to obtain options on land in the city of Pontiac which might be utilized as a site for the construction of additional factory facilities. The General Motors Corporation was not committed to accept any of the lands so optioned but it was understood that Mr. Annett’s company would be reimbursed for any money it paid out to obtain such options. Options were to be taken in the name of the plaintiff company.

On the morning of June 28,1950, Mr. Annett called at the home of…