Source: https://chestofbooks.com/real-estate/Law-Real-Estate-Brokers/Written-And-Oral-Authority-Of-Broker-Part-5.html
Timestamp: 2019-04-23 22:03:30+00:00

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(a) Where No Time is Fixed.
²³ Everitt v. N. Y. Eng. Co.. 14 Misc. 580 (N. Y. 1895) ; 20 Misc. 548 (N. Y. 1897); Jagau v. Goetz, 11 Misc. 380 (N. Y. 1895). See also Warren v. Holbrook, 118 N. Y. 593 (1889).
(b) Agreements for More than a Year.
(c) Agreements for More than a Year, but Terminable upon Some Contingency.
"This has been the generally accepted rule since that case was decided.
"Parol agreements to do something for an indefinite period which may be terminated within a year are valid.
"To be within the statute, it must be such an agree-ment as does not admit of performance, according to its language and intention, within a year from the time it is made.
24 N. Y. Cons. Laws, Ch. 41, Sec.31 (L. 1909, Ch. 45), formerly Sec.21 Personal Prop. Law.
25 N. Y. Cons. Laws, Ch. 41, Sec. 31.
26 Blake v. Volgt, 134 N. Y. 69 (1892).
"'To pay upon the death of a third person.
" To pay upon the termination of a suit.
"To pay on the day of the promisor's marriage, which was the case in Skinner.
²7 Citing King's Executors v. Hanna. 9 B. Mon. 369; Sword v. Keith, 31 Mich. 247; McConahey v. Griffey, 82 Iowa 564; Hutchinson v. Hutchinson, 46 Me. 154; Blanch-and v. Weeks, 34 Vt. 589; Burney Adr. v. Ball, 24 Ga. 505; Houghton v. Houghton. 14 Ind. 505; Blake v. Votgt, 134 N. T. 69; Bull v. McCrea, 8 B. Mon. 422; Browne on Frauds (5th Ed.). Sec.272, 276, and cases cited; Peter v. Compton, 1 Smith Lead. Cas. 143; Howard's Adtr. v. Burgen, 4 Dana (Ky.) 137.

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