Court Opinion

ID: 9742816
Source: CourtListenerOpinion
Date Created: 2023-08-26 21:20:57.948143+00
Date Added: 2024-06-11T07:24:36.814429
License: Public Domain

Meter, J.
{concurring). I agree with the majority’s disposition on reconsideration. I note that this case involves a close question. However, Jacobs v Schmidt, 231 Mich 200; 203 NW 845 (1925), which was not discussed by the parties in their original briefs or arguments but was relied on by defendant in its motion for reconsideration, tips the balance in favor of our disposition today. The appraisal clause in the Jacobs stock sale agreement was very similar to the clause at issue here. Id. at 202-203. The Jacobs Court concluded that the appraisal clause could not be unilaterally revoked by plaintiff, given the difference between an arbitration and an appraisal. Id. at 204. In light of Jacobs, I believe that our current disposition is correct.