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Apfel v. Prudential-Bache Securities

616 N.E.2d 1095 (N.Y. 1993)

tl;dr: Company sells investment company an idea for computerized bond sales. The idea does not need to be novel, only valuable to the recipient, to be consideration.

IRACIssue, Rule, Analysis, Conclusion

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Facts & Holding

Facts:Apfel (plaintiff) entered an agreement with Prudential (defendant) for computerized...

Holding:The contract is enforceable, and the Appellate Division's decision is...

Apfel v. Prudential-Bache Securities

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