Business Law 5th Edition by David Twomey ,Marianne Jennings ,Stephanie Greene

Exercise 9

In February or March, Corning Glass Works orally agreed to retain Hanan as management consultant from May 1 of that year to April 30 of the next year for a present value fee of $200,000. Was this agreement binding Is this decision ethical [Hanan v Corning Glass Works, 314 NYS2d 804 (App Div)]