Global Financial Corporation v. Triarc Corporation
New York Court of Appeals
715 N.E.2d 482 (1999)
Delaware corporation Global Financial Corporation (plaintiff), headquartered in Pennsylvania, provided consulting services to Triarc Corporation (defendant), but when Triarc refused payment, Global sued in New York state court for breach of contract and quantum meruit, arguing New York's more favorable six-year limitations period applied because most contract-related events occurred there; Triarc argued the claim actually accrued in Delaware or Pennsylvania, where it would be time-barred, and the trial court agreed and dismissed, a ruling the appellate division affirmed.
Whether a nonresident corporation's cause of action for breach of contract, for purposes of borrowing a foreign statute of limitations, accrues where the underlying contract work occurred or where the corporation's economic injury from the breach was actually sustained.