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McCOY v. EDISON PRICE, INC.

186 A.D.2d 442 (1992)

Gene McCoy et al., Appellants, v. Edison Price, Inc., Respondent

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

October 20, 1992

The IAS Court properly determined that the alleged oral agreement upon which the three causes of action of plaintiffs' complaint were premised was unenforceable and barred by the New York Statute of Frauds, General Obligations Law § 5-701 (a) (1). The agreement, by its terms, was to last for as long as the defendant remained in business, and thus was incapable of performance within one year, rendering it voidable absent a...

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