Unformatted text preview: P's second contention was that her retirement from her lucrative position in defendant's employ in reliance upon defendant's promise to pay her a pension for life constituted sufficient consideration to support agreement to pay pension. 1) Whether there was consideration sufficient to support a contract between P. and D for monthly pension. 2) Whether P.’s reliance on the pension in retirement constituted sufficient consideration to support agreement to pay pension. 1) Concerning the issue of past employment, No. There was not sufficient consideration due to a lack of mutuality of obligation. There was no promise of future employment. 2) Concerning reliance on the pension and abandonment of opportunity of future employment, Yes. Affirmed The ct cited Restatement Sec. 75 on consideration...
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- Spring '08
- Termination of employment, sufficient consideration, St. Louis Ct