Interchange Associates v. Interchange Inc‪.‬

The defendants, Greta Creswell and Leo Gabay, appeal from a judgment entered for the plaintiffs, Jerome Baruffi, Larry Baugh, Larry T. Hawkes, James A. Holman, and J. F. McGovern, directing the defendants to specifically perform a contract for the management of a corporation, Interchange, Inc. The appeal challenges the validity and enforceability of the contract. We find the contract to have been unsupported by consideration and reverse.