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Lease Financing Broker

 
By Berkowitz, Lefkovits, Isom & Kushner, P.C.

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."





© 1997  Berkowitz, Lefkovits, Isom & Kushner, P.C.
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