Answer:
That the promise was not enforceable because it was a gift.
Explanation:
A plaintiff lawyer loaning a corporate client funds who is breached of an oral contract that the client will give the lawyer three percent of the company's stock. The client later breaks his promise and denied the plaintiff lawyer three percent of the company's stock.
The result on appeal in the case was that the client promised to give the lawyer three percent of the company stock as a gift but the promise is not enforceable. The client now can deny giving three percent of the company's stock to the lawyer.
Hence the answer is
That the promise was not enforceable because it was a gift.
