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AIG TRADING CORP. v. VALERO GAS MKTG.

254 A.D.2d 117 (1998)

679 N.Y.S.2d 587

Aig Trading Corporation, Respondent-Appellant, v. Valero Gas Marketing, L.P., Appellant-Respondent, and Valero Energy Corporation, Respondent

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

October 15, 1998

With reference to the first cause of action, we begin with a prior order from which there was no appeal. There, the motion court ruled that the confirmatory memorandum was a qualified financial contract within the meaning of General Obligations Law § 5-701, as incorporated by reference in New York UCC 2-201 (4), and was valid because defendant-appellant did not object within three business days (see, General Obligations...

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