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

RALPH P. PENNINO, Appellant, v. LASERSURGE, INC., et al., Respondents. (Appeal No. 1.)

Order unanimously reversed on the law without costs, motion denied and first and second causes of action reinstated. Memorandum: Supreme Court erred in granting defendants partial summary judgment dismissing plaintiff's first and second causes of action. In the first cause of action plaintiff seeks a declaration that he is owner of 5% of defendant Lasersurge, Inc. In the second cause of action plaintiff seeks to compel specific performance of the issuance of 5% of the corporate stock. Although there is no written agreement in support of those causes of action, there is a question of fact whether plaintiff's payment by check to defendant Sauer of $2,250 for one share of Lasersurge, Inc. and plaintiff's intention to purchase an additional four shares is sufficient to avoid the Statute of Frauds (see, UCC 8-319 [b]; Palmerton v Envirogas, Inc., 80 A.D.2d 996, 997; APS Food Sys. v Ward Foods, 70 A.D.2d 483). The order in the second appeal, denying plaintiff's motion to reargue, is not appealable (see, Gifaldi v Dumont Co., 172 A.D.2d 1025; Empire Ins. Co. v Food City, 167 A.D.2d 983).

Use AI to get other relevant cases.

Comments

PENNINO v. LASERSURGE, INC
(Dec 26, 1991)