Angelo Minichiello, Respondents v. Royal Business Funds Corporation, Appellant, Defendants

Summary

The New York Court of Appeals held that the 1949 Statute of Frauds provision (General Obligations Law §5-701, subd. 10) applies to business finders and precludes recovery in quantum meruit. Accordingly, the motion to dismiss should have been granted, reversing the lower courts' denial and remanding the case for further proceedings.