CRON v. HARGRO FABRICS


91 N.Y.2d 362 (1998)

694 N.E.2d 56

670 N.Y.S.2d 973

Herbert Cron, Appellant, v. Hargro Fabrics, Inc., Respondent.

Court of Appeals of the State of New York.

Decided March 26, 1998.


Attorney(s) appearing for the Case

Jaffe, Segal & Ross, New York City (Bill S. Light of counsel), for appellant.

Parker Duryee Rosoff & Haft, New York City (Robert J. Miller and Steven C. Brown of counsel), for respondent.

Chief Judge KAYE and Judges TITONE, BELLACOSA, LEVINE, CIPARICK and WESLEY concur.


SMITH, J.

The primary issue presented is whether an alleged oral agreement to pay a bonus consisting of a percentage of a company's annual pretax profits is within the Statute of Frauds and unenforceable unless in writing. We conclude that the possibility that the employee's compensation must be calculated after the passage of a year does not, standing alone, bring the agreement within the one-year proscription...

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