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GLASSER v. PRICE

35 A.D.2d 98 (1970)

Gerald J. Glasser et al., Appellants, v. Melvin L. Price et al., Respondents

Appellate Division of the Supreme Court of the State of New York, Second Department.

July 27, 1970.

Attorney(s) appearing for the Case

Harry Friedson for appellants.

Charles J. Rappaport for respondents.

RABIN, Acting P. J., MARTUSCELLO, LATHAM and BRENNAN, JJ., concur.

HOPKINS, J.

In November, 1968 the petitioners, Glasser and Why Not Travel, Inc., and the individual respondents, Price, Kligler and Tobin, entered into an agreement under which the individual respondents sold their capital stock in Why Not Travel, Inc. to Glasser. The agreement in part reads as follows:

"WHEREAS, the CORPORATION [Why Not Travel, Inc.] does now rent premises located at 253-05 Union Turnpike, Floral Park, New York and the CORPORATION...

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