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LOUIS DREYFUS ENERGY CORP. v. MG REFINING AND MARKETING, INC.

4 A.D.3d 149 (2004)

771 N.Y.S.2d 351

LOUIS DREYFUS ENERGY CORP. et al., Respondents, v. MG REFINING AND MARKETING, INC., et al., Appellants.

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

February 10, 2004.

The record reveals that the vice-presidents of plaintiff Louis Dreyfus Energy Corp. and defendant MG Refining and Marketing (MGRM) had concluded their negotiations on September 27, 1993, reaching agreement on the basic and essential terms of price, quantity, product and delivery, leaving only nonessential legal matters still to be negotiated (TAJ Intl. Corp. v Bashian & Sons, 251 A.D.2d 98, 101 [1998]). In light of the custom...

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