Kentucky Fried Chicken of Middletown, Inc. v. Rockland Lease Funding Corp.

Appeal (transferred to this court by order of the Appellate Division, Second Department) from a judgment of the Supreme Court (Fitzer, J.H.O.), entered October 10, 1989 in Orange County, upon a decision of the court in favor of plaintiff.

Plaintiff is a corporation which owns and operates a Kentucky Fried Chicken franchise store in the City of Middle-town, Orange County. Defendant is a corporation engaged in financing for the leasing of restaurant equipment. In February 1985 the parties entered into negotiations for the purpose of *1067arranging financing for rental of equipment to be utilized in…