Unanimously reversed, on the law, with $60 costs and disbursements to appellant, and the motion granted.
At a meeting held on May 30, 1973, according to plaintiff, defendant corporation orally agreed to sell its subsidiary Certified Marine Industries, Inc., to him, on, inter alia, the following terms: Plaintiff was to set up a new corporation owned by him which would purchase all of the subsidiary's stock; the new corporation would pay $100,000 cash and assume...
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