Global Financial Corporation v. Triarc Corporation
Court of Appeals of New York
93 N.Y.2d 525, 715 N.E.2d 482 (1999)
- Written by Craig Conway, LLM
Facts
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
Issue
Holding and Reasoning (Kaye, C.J.)
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