ASSET GROWTH PARTNERS v. GLOBAL ENVTL. HOLDINGS, INC.


184 A.D.2d 282 (1992)

Asset Growth Partners, Respondent, v. Global Environmental Holdings, Inc., Doing Business as Global Environmental Corp., et al., Appellants

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

June 11, 1992


Plaintiff and defendants entered into an agreement whereby plaintiff agreed to solicit investment financing on defendants' behalf in exchange for, inter alia, a fee and shares of stock. Defendants' obligation to pay the compensation was conditioned on defendants' acceptance of a financing proposal arranged by plaintiff. Plaintiff contends that defendants, acting through their president, defendant Rice, accepted such a proposal, and reaffirmed that acceptance shortly...

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