Wallace v. Perlman

9 A.D.2d 934, 195 N.Y.S.2d 115, 1959 N.Y. App. Div. LEXIS 5398

• Court: Appellate Division of the Supreme Court of the State of New York
• Decided: December 28, 1959
• Status: Published

Opinion

Appeal from an order denying a motion to dismiss the complaint, which alleges three causes of action, for insufficiency (Rules Civ. Prae., rule 106, subd. 4). The action is for specific performance of alleged agreements to transfer to each of the respondents one third of the capital stock of the corporate appellant, or to cause to be issued to each of the respondents a certificate representing one third of said stock, and for other relief. Order affirmed, with $10 costs and disbursements. The second cause of action alleges that the individual appellant has had possession and control of all the authorized stock of the corporate appellant since December, 1955 and that he and the respondents entered into a written agreement on June 11, 1957, which recites that the individual appellant is the holder of five shares of stock in the corporate appellant and that each of the respondents is the holder of five shares of stock in certain other corporations, and provides generally to the effect that each of the parties to the said agreement shall have a one-third ownership interest in all of said stock in common with the others. In our opinion, these allegations spell out an enforcible agreement. Since the motion was not one to dismiss any specific cause of action, or each of the causes, but to dismiss the entire complaint, tlu; motion could not properly have 'been granted so long as any one of the causes is sufficient {Oshins v. Zimmerman, 284 App. Div. 989). Wenzel, Acting P. J., Beldock, Ughetta, Hallinan and Kleinfeld, JJ., concur.