34 A.D.2d 924 | N.Y. App. Div. | 1970
Order entered February 2, 1970, denying defendant’s motion for summary judgment as to the first cause of action unanimously affirmed, without costs and without disbursements, and without prejudice to renewal after discovery proceedings have been completed. We agree that the portion of the employment contract pleaded by plaintiff involving a transfer of title to shares of stock for a price is a sale of securities within the purview of section 8-319 of the Uniform Commercial Code and is not enforceable unless “ there is some