- 4 -4 After the initial advance was made in March 1992, John orally promised to either repay petitioners within a month or else transfer to them a 15-percent interest in the Drunken Lobster. John did not fulfill his promise. In May or June 1992, John again orally promised to repay petitioners in one of three ways: (1) Full cash repayment by May 1993; (2) the transfer of an interest in the restaurant in lieu of payment; or (3) payment through an installment plan of $500 per month, plus interest. John never fulfilled his promise, and the Dubatos never repaid petitioners for any portion of these advances. Moreover, petitioners did not receive an equity interest in the Drunken Lobster. While the Drunken Lobster started out successfully, the excitement of a new restaurant in the area quickly wore off. The Drunken Lobster was no longer attracting the customers it once did. Although it was consistently crowded for breakfast, the lunch crowd was starting “to slack off a little bit” and the dinner hour no longer had a waiting list. Beginning in April 1992, Mrs. Bauer did what she could to assist the Dubatos and even performed work for the Drunken Lobster when it was short staffed. She created advertisements, wrote and printed menus, organized holiday events (i.e., a Mother’s Day and a July 4th holiday meal), and cleared and bused tables. Mrs. Bauer was not compensated for her time or reimbursed for her expenditures.Page: Previous 1 2 3 4 5 6 7 8 9 Next
Last modified: May 25, 2011