Power International, Inc. v. Caledonina Airways, Limited, 969 F. Supp. 135 (E.D.N.Y. 2/26/97). When airline refused to pay broker for arranging lease financing, broker was unable to show that a written contract existed. Broker tried to sue under "unjust enrichment" and was informed by the court that, under New York law, a written contract is necessary. Once again, an oral contract is "not worth the paper it is written on."
Lease Financing Broker
This article was edited and reviewed by FindLaw Attorney Writers | Last reviewed March 26, 2008
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