Global Financial Corporation v. Triarc Corporation
Court of Appeals of New York
715 N.E.2d 482 (1999)
Triarc Corporation (Triarc) (defendant) hired Global Financial Corporation (Global) (plaintiff), a Delaware corporation, to perform consulting services. After completing the work, Global asked for payment. Triarc refused to pay. Global filed suit against Triarc in New York state court claiming breach of contract and quantum meruit. Global argued that the cause of action accrued in New York because most of the events related to the contract occurred in New York. New York had a six-year statute of limitations, under which Global’s complaint was timely. Triarc claimed that the cause of action accrued either in Delaware or Pennsylvania, Global’s states of incorporation and headquarter, respectively. Under the laws of Delaware and Pennsylvania, Global’s complaint would be time barred. The trial court dismissed the complaint, concluding that the cause of action accrued in Delaware or Pennsylvania. Global appealed, and the appellate division affirmed. The Court of Appeals of New York granted leave to review.
Rule of Law
Holding and Reasoning (Kaye, C.J.)
What to do next…
Unlock this case brief with a free (no-commitment) trial membership of Quimbee.
You’ll be in good company: Quimbee is one of the most widely used and trusted sites for law students, serving more than 97,000 law students since 2011. Some law schools—such as Yale, Vanderbilt, Berkeley, and the University of Illinois—even subscribe directly to Quimbee for all their law students. Read our student testimonials.
Learn more about Quimbee’s unique (and proven) approach to achieving great grades at law school.
Quimbee is a company hell-bent on one thing: helping you get an “A” in every course you take in law school, so you can graduate at the top of your class and get a high-paying law job. We’re not just a study aid for law students; we’re the study aid for law students. Read more about Quimbee.
Here's why 175,000 law students have relied on our case briefs:
- Written by law professors and practitioners, not other law students. 14,000 briefs, keyed to 188 casebooks. Top-notch customer support.
- The right amount of information, includes the facts, issues, rule of law, holding and reasoning, and any concurrences and dissents.
- Access in your classes, works on your mobile and tablet. Massive library of related video lessons and high quality multiple-choice questions.
- Easy to use, uniform format for every case brief. Written in plain English, not in legalese. Our briefs summarize and simplify; they don’t just repeat the court’s language.