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Contracts Keyed to Barnett
Spooner v. Reserve Life Insurance Co.
Citation:
287 P.2d 735 (Wa. 1955)Facts
After Reserve Life Insurance expanded with rapid success over a short period of time, the company issued a bulletin to its agents offering a renewal bonus plan by which agents could make extra earnings payable annually and only to the agents who provided outstanding work. The agreement contained in the bulletin reserved the company’s right to withhold or discontinue the plan’s program at any time without notice.
Spooner then performed outstanding work as a Reserve Life Insurance agent and did not receive any extra earnings.
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Topic Resources
Topic Outline
Formation of ContractsTopic Refresher Course
Consideration and Promissory Estoppel