New York Court of Appeals
Charles F. Hollwedel, Respondent v. Duffy-Mott Company, Inc., Appellant
November 21, 1933263 N.Y. 95
Summary
The Court held that the employment contract implied a promise by the defendant to retain the plaintiff as manager for the contract term, and that damages for wrongful discharge are measured by the present value of unpaid wages minus earned and probable earnings, with interest only from breach to trial; it reversed the lower courts and remanded for a new trial, subject to a stipulated reduction.