Zayre Corp. V. S.M. & R. Co‪.‬

In October 1980, Zayre Corporation agreed to allow SM & R Company to operate jewelry departments in Zayre's stores. Zayre and SM & R executed a Master Concession Agreement, a detailed document that set forth Zayre's and SM & R's rights and obligations. One of Zayre's obligations was to pay jewelry department employees' wages and benefits on SM & R's account, and to periodically charge SM & R for these payments. SM & R, in turn, agreed to reimburse Zayre for the payments Zayre made to the employees.