Judgment unanimously reversed on the law without costs and matter remitted to Supreme Court for further proceedings, in accordance with the following Memorandum: In 1971, defendant Gilbert Boelke (Boelke) and Bernard Sanders orally agreed to enter into a joint venture for the design, manufacture, assembly and distribution of electronic products. Boelke's company, GLB Enterprises, would perform the design and manufacturing function and Sanders' company, Sloan Distributing...
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