AMICUS AI
Citation Codes
Equivalent Citations
citation codes
Are you a practicing lawyer?
Enhance your digital presence and reach by creating a Casemine profile.
Upload pleading to use the new AI search
Cites
Cited by
Citation Codes
Equivalent Citations
citation codes

JOHN H. McCOOEY, Appellant, v. FORSTMANN LEFF ASSOCIATES, INC., et al., Respondents.

The alleged oral agreement sued upon by plaintiff is one for a finder's fee and therefore unenforceable because General Obligations Law § 5-701 (a) (10) bars an oral agreement "to pay compensation for services rendered in negotiating * * * a business opportunity" (Freedman v Chemical Constr. Corp., 43 N.Y.2d 260, 267, citing Minichiello v Royal Business Funds Corp., 18 N.Y.2d 521, 527).

Moreover, the alleged oral agreement was, by its terms, incapable of performance within one year, and thus, under General Obligations Law § 5-701 (a) (1) voidable absent a writing signed by the party to be charged (D N Boening v Kirsch Beverages, 63 N.Y.2d 449). Where, as here, the alleged oral agreement may only be terminated within one year upon a breach thereof or non-performance, the New York Court of Appeals has held such an agreement is not terminable at will, but rather that such action would constitute a destruction of the contract, and that the agreement is not exempt from the Statute of Frauds (supra, at 456; McCollester v Chisholm, 104 A.D.2d 361, affd 65 N.Y.2d 891).

We have reviewed the plaintiff's remaining claims and find them to be without merit.

Concur — Murphy, P.J., Carro, Rosenberger and Asch, JJ.

Use AI to get other relevant cases.

Comments

McCOOEY v. FORSTMANN LEFF ASSOCIATES, INC
(Feb 25, 1993)