HAYES V. PLANTATIONS STEEL CO.
438 A.2d 1091 (1982)
NATURE OF THE CASE: This was a dispute about payment of a pension. Plantation (D) and Hayes (P) appealed a judgment in favor of Hayes (P), employee, on the basis that he had an implied-in-fact contract with D to pay him a yearly pension.
FACTS: Hayes (P) was an employee of Plantations (D). P worked for the company from 1947 until 1972. P announced his retirement and then discussed a pension plan with an officer and stockholder of D one week before his effective retirement date. There was no formal contract and only a promise by an officer of the corporation that P would be taken care of. Payments began to be made but were stopped three years later. The trial judge ruled that P was entitled to his payments. D appealed.
ISSUE:
RULE OF LAW:
HOLDING AND
DECISION:
LEGAL ANALYSIS:
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