SAGUS MARINE CORP. v. DONALD G. RYNNE & CO., INC.


207 A.D.2d 701 (1994)

616 N.Y.S.2d 496

Sagus Marine Corporation, Respondent, v. Donald G. Rynne & Co., Inc., et al., Appellants

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

September 15, 1994


In or about 1977, plaintiff Sagus Marine Corporation ("Sagus") entered into a joint venture agreement (the "Agreement") with defendants Donald G. Rynne & Co., Inc. ("Rynne & Co.") and Poten & Partners, Inc. ("Poten") pursuant to which they were to act as brokers and arrange for the shipment of concrete modules to the Middle East. The modules, which were designed for quick assembly into apartment buildings, were to be transported by Gearbulk Limited ("Gearbulk...

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