Legal Opinion

Becker v. Peter A. Frasse & Co.

New York Court of Appeals

Decided November 18, 1930PublishedCited by 27 opinions

1Opinion of the Court

Cardozo, Ch. J.

Plaintiff, who was the treasurer of Peter A. Frasse & Company, Inc., sold to the defendant 1,100 shares of the defendant’s corporate stock at the price of $80 a share.

In connection with the sale he received from the defendant the following letter:

January 9, 1925

“ Mr. F. O. Becker,
“ 99 Hancock St., Brooklyn, N. Y.
“ Dear Sir: In the event that Peter A. Frasse & Co., Inc., collect after this date any further refund from the Government for excess payment of income tax paid to January 1st, 1925, it is agreed upon your sale to the company of eleven hundred (1100) shares of common…

2Cases cited4 opinions

  1. William C. Atwater & Co. v. Panama RailroadNew York Court of Appeals · 1927
  2. Kenyon v. Knights Templar & Masonic Mutual Aid Ass'nNew York Court of Appeals · 1890
  3. Utica City National Bank v. GunnNew York Court of Appeals · 1918
  4. Lamb v. . Norcross Brothers Co.New York Court of Appeals · 1913

3Cited by27 opinions

  1. Kronovet v. LipchinCourt of Appeals of Maryland · 1980
  2. Century Operating Corp. v. PopolizioNew York Court of Appeals · 1983
  3. Eighth Avenue Coach Corp. v. City of New YorkNew York Court of Appeals · 1941
  4. Bijan Designer for Men, Inc. v. Fireman's Fund InsuranceAppellate Division of the Supreme Court of the State of New York · 2000
  5. Zodiac Enterprises, Inc. v. American Broadcasting Co.Appellate Division of the Supreme Court of the State of New York · 1981

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