World Yacht v. Italian Welfare League, Inc.

—Judgment, Supreme Court, New York County (Joan B. Lobis, J.), entered January 12, 1993, which, inter alia, awarded third-party plaintiffs The Italian Welfare League, Inc. and Helen Greco the sum of $18,220.87 plus interest, unanimously affirmed, with costs.

The trial court properly concluded that no triable issues of fact exist. It is not disputed that the president of Italian National Magazine Co., Inc., doing business as La Follia, and the president of The Italian Welfare League, Inc. (IWL) signed an agreement that stated "[a]ll proceeds and expenses divided down the middle”. Since there is…