Shearson Lehman CMO, Inc. v. TCF Banking and Savings, F.A.

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• holding that, for there to be partial performance, a party must confer a thing of value on the other party which that party accepts
• “The passing of documentation back and forth ... necessarily means that one of the parties will have to spend money to prepare and revise the draft.... [but] that does not change the essential character of the act,” which remains merely preparatory

Source: CourtListener parenthetical corpus (CC0).