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STATLAND HOLIDAY v. STENDIG DEV.

46 A.D.2d 135 (1974)

Statland Holiday, Inc., Plaintiff, v. Stendig Development Corporation, Defendant

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

December 5, 1974.

Attorney(s) appearing for the Case

Thomas C. Lambert of counsel (Dreyer & Traub, attorneys), for plaintiff.

Lola S. Lea of counsel (Lea, Goldberg & Spellun, P. C., attorneys), for defendant.

NUNEZ, J. P., KUPFERMAN, MURPHY, LUPIANO and LANE, JJ., concur.

Per Curiam.

This matter has been submitted for initial determination by this court on an agreed statement of facts pursuant to CPLR 3222.

On October 26, 1971, Stendig Development Corporation (Stendig) sold its interest in certain real property located in Staten Island to Statland Holiday, Inc. (Statland).

A note and a purchase-money mortgage in the amount of $390,000 was delivered to Stendig evidencing the balance due on the purchase price....

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