Sanders v. Boelke

Judgment unanimously reversed on the law without costs and matter remitted to Supreme Court for further proceedings, in accordance with the following Memorandum: In 1971, defendant Gilbert Boelke (Boelke) and Bernard Sanders orally agreed to enter into a joint venture for the design, manufacture, assembly and distribution of electronic products. Boelke’s company, GLB Enterprises, would perform the design and manufacturing function and Sanders’ company, Sloan Distributing & Manufacturing Company (Sloan) would assemble and market the electronic products. The agreement provided that the profits…