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Case Brief: Walters v. Marathon Oil Co.
Facts
The plaintiff Walters had commenced negotiations with the defendant Marathon Oil Co. with the intention of taking up a Franchise. The plaintiff went ahead acquired a property and carried out the necessary renovations to bring it to the expected standard. However, before Marathon could accept the plaintiff’s application, the management placed a moratorium on the consideration for new applications to run franchises. Therefore, Walters sought legal redress in then federal district court. The trail court awarded damages based on the theory of promissory estoppel. Having evaluated projected sales and profits, the trial court awarded $22,000. Consequently, Marathon appealed the award.
Legal Issues
Because the damages were awarded under the theory of promissory estoppel, is Walters entitled to damages equal to projected profits for an entire year?
Legal Principle Applied in the Case
The theory of promissory estoppel was applied because the promise by the defendant led to reasonable expectation of profits. In addition, the appellate court used the ordinary care of similarly situated person.
Holding/Reasoning
The promise by the defendant prompted the plaintiff to make substantial investment with the view of earning profit. Also, the promise by the defendant resulted in the plaintiff forgoing all other engagements and committing to the project in anticipation of earning profit. Had the defendant fulfilled the promise then the plaintiff would have earned the projected sums. Also the use of person in similar circumstances to arrive at a conclusion was correct.
Summary of concurrences and dissents
There was no dissent as all the judges held that the ruling of the lower court was correct.
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