COHN v. LIONEL CORP.


27 A.D.2d 718 (1967)

Roy M. Cohn, Appellant, v. Lionel Corporation, Respondent

Appellate Division of the Supreme Court of the State of New York, First Department.

February 21, 1967


Order and judgment affirmed, with $50 costs and disbursements to the respondent.

The agreement by which plaintiff agreed to purchase stock of defendant corporation at a specified price if put to him by Steinthal was not a guarantee of any obligation of defendant. It did not undertake to make any payment or perform any act which defendant was obligated to do either by agreement with Steinthal or otherwise. In fact, plaintiff obligated himself to do something which...

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