Held Construction Co. v. Michigan National Bank

Plaintiffs appeal by leave granted from the trial court’s grant of summary judgment to defendants under GCR 1963, 117.2(3), dismissing three of four counts in plaintiffs’ second amended complaint.

The underlying facts of this controversy arise out of an oral contract between Held Construction Company and defendants to construct a branch banking office for West-Oakland Bank in Oakland County. Plaintiffs Drennan and Lipscomb are principal officers and sole shareholders of the plaintiff corporation.

In Count I of their complaint, plaintiffs alleged the existence of the oral contract, its…