Bank of California v. Connolly
36 Cal. App. 3d 350 ·
California Court of Appeal · Filed
Published · citable
Holding
The court held that a profit-sharing agreement concerning future real estate proceeds, executed without consideration and pertaining to property not yet sold, constituted an unenforceable expectancy rather than a present property interest, though it might be enforced as an equitable assignment to the extent of the reasonable value of services rendered by the claimants.
Statutes construed
- CIV § 1045
- CIV § 1605
- CIV § 172
- CIV § 172a
- CIV § 5125
- CIV § 5127
- CIV § 700
- CORP § 15026
- CORP § 15033
- PROB § 571
- PROB § 707