Legal Opinion
Wohl v. McClure
Appellate Division of the Supreme Court of the State of New York
Decided June 13, 1996PublishedCited by 1 opinion
1Opinion of the CourtPeters, J.
In Séptember 1989, plaintiffs orally agreed to advance money to defendant Sherwood Associates, Inc. for two fire protection equipment installation projects after being approached by defendants Jay McClure and Michael Walby, president and secretary of Sherwood, respectively. After the moneys were so advanced, the parties disputed the nature of their agreement. WTiile McClure and Walby (hereinafter collectively referred to as defendants) contend that the advances were business investments, plaintiffs characterized their arrangement as a loan advanced upon the assurances of defendants in both…
2Cases cited3 opinions
- Alvarez v. Prospect HospitalNew York Court of Appeals · 1986
- Morris v. New York State Department of Taxation & FinanceNew York Court of Appeals · 1993
- Marine Midland Bank v. John E. Russo Produce Co.New York Court of Appeals · 1980
3Cited by1 opinion
- Hayes v. Niagara Mohawk Power Corp.Appellate Division of the Supreme Court of the State of New York · 1999