Butler v. Kemmerer

Citations

• 218 Pa. 242
• 67 A. 332
• 1907 Pa. LEXIS 494

Syllabus

<p>• Contract — Offer—Acceptance—Terms—Price.</p> <p>To form the basis of a legal obligation, an offer must be so complete that upon acceptance an agreement is formed which contains all the terms necessary to determine whether the contract has been performed or not.</p> <p>Price is as essential as any other of the terms of a contract, and without this agreed upon no contract exists.</p> <p>A promise made by a heavy stockholder of a corporation to an officer of the company that if any profit is made out of the business of the company, he will divide such profit upon a very liberal basis with the officer, is too indefinite and uncertain to be enforced.</p>