MADISON HUDSON ASSOCIATES LLC v. NEUMANN


4 A.D.3d 257 (2004)

771 N.Y.S.2d 653

MADISON HUDSON ASSOCIATES LLC et al., Respondents, v. JOSEPH NEUMANN et al., Appellants.

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

February 24, 2004.


Issues of fact exist, precluding summary judgment, inter alia, the specific terms of a joint venture agreement between the parties; the possible modification thereof by the November 13 letter agreement; and the conduct of the Achenbaum defendants. With respect to the alleged fraudulent conveyance, the determination of insolvency, or what constitutes fair consideration under Debtor and Creditor Law § 273, is generally one of fact to be determined by the circumstances...

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