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RESOURCE MANAGEMENT CO. v. WESTON RANCH

No. 18387.

706 P.2d 1028 (1985)

RESOURCE MANAGEMENT COMPANY, a Utah Corporation, Plaintiff and Appellant, v. WESTON RANCH AND LIVESTOCK COMPANY INC., George W. Weston, Theda M. Weston, Norman E. Weston, Nethelle W. Weston, J. Simeon Weston, Reta W. Weston, Forty-six Company, Inc., Diamond W. Ranch Company, Inc., and Morrell Weston & Sons Ranching Company Inc., and John Does 1 through 5, Defendants and Respondents.

Supreme Court of Utah.

August 23, 1985.

Attorney(s) appearing for the Case

Michael J. Mazuran, Salt Lake City, for plaintiff and appellant.

Bryce E. Roe, Robert Adkins, Salt Lake City, for defendants and respondents.

STEWART, Justice:

The plaintiff, Resource Management Co. (RMC), sued for a decree of specific performance directing defendants, the Westons, to convey to RMC certain oil and gas royalty rights pursuant to the terms of a contract. The trial court ruled against RMC holding that the contract was unenforceable because (1) there was "no bargained for consideration received by defendants in exchange for their promises" and (2) even if the consideration for the contract...

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