TECH. FIN. GROUP, INC. v. GRUMMAN DATA SYS. CORP.


159 A.D.2d 385 (1990)

Technology Finance Group, Inc., Appellant, v. Grumman Data Systems Corporation, Respondent

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

March 22, 1990


In this action by plaintiff Technology Finance Group, Inc. against defendant Grumman Data Systems Corporation for breach of an alleged agreement to lease two IBM computer systems from plaintiff Technology for a period of five years at a combined rental in excess of $10,000,000, we find that the complaint was properly dismissed for lack of a binding contract between the parties.

Specifically, the correspondence exchanged by the parties expressed an intention not to...

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