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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

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 the agreement binding? Is this decision ethical? (Hanan v. Corning Glass Works, 314 N.Y.S.2d 804 )

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