Bowman v. Bloomfield Management, Inc.
Appellate Terms of the Supreme Court of New York
1Per curiam
In this action for brokerage commissions the trial court properly declined to interfere with the verdict on the ground that it was against the weight of the evidence. It was error, however, to set it aside and dismiss the complaint upon the theory that the prospective purchaser, a religious corporation, had no legal right to invest its funds in an income-producing parcel of real estate. The investment of church funds for the purpose of obtaining revenue to accomplish the corporate objectives is a legitimate use thereof “ for the support and maintenance of the corporation ” within the fair…
2Cases cited4 opinions
- Leonard v. Home Owners' Loan Corp.New York Court of Appeals · 1947
- Saulsbury v. BraunAppellate Division of the Supreme Court of the State of New York · 1928
- Arnold v. YatesAppellate Division of the Supreme Court of the State of New York · 1938
- Coulter v. PomeroyAppellate Division of the Supreme Court of the State of New York · 1942
3Cited by1 opinion
- Morris v. ScribnerNew York Court of Appeals · 1987