Case ID: misc_161/html/0493-01.html
Source: Caselaw Access Project
Author: {"author": "Per Curiam.", "license": "Public Domain", "url": "https://static.case.law/"}
Date Created: 2024-08-24T03:29:51.129683

Dennis R. Horgan, Respondent, v. Frenkel, Kovac & Company, Inc., Appellant.
    Supreme Court, Appellate Term, First Department,
    December 23, 1936.
    
      
      Alvin Jay Feldman [Nathan M. Hutner of counsel], for the appellant.
    
      Harry L. Gutter, for the respondent.
   Per Curiam.

It was error to receive as evidence over defendant’s objection quotations reported by a quotation service bureau rendering its reports only to its broker subscribers, as same were not admissible under section 375-a of the Civil Practice Act. Although the witness may be competent to testify, proof of market value or in its absence fair value must be given as required by the rules of evidence. If the rule of caveat emptor applies but facts showing fiduciary relationship exist, same should be alleged in the complaint, to take the cause out of the rule. The answer here alleged defendant was entitled to commission under the agreement of sale.

Judgment reversed and new trial ordered, with thirty dollars costs to appellant to abide the event.

All concur. Present — Lydon, Levy and Hammer, JJ.