Question: What would the rules be in this situation (using IRAC) In February or March, Corning Glass Works orally agreed to retain Hanan as management consultant

What would the "rules" be in this situation (using IRAC)

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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