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RKO-STANLEY, ETC. v. GRAZIANO

467 Pa. 220 (1976)

355 A.2d 830

RKO-STANLEY WARNER THEATRES, INC., a Delaware Corporation, Appellee, v. Ralph R. GRAZIANO. Appeal of Jack JENOFSKY.

Supreme Court of Pennsylvania.

Decided April 7, 1976.

Rehearing Denied May 14, 1976.

Attorney(s) appearing for the Case

Morton B. Wapner & Associates, Robert S. Dubin, Philadelphia, for appellant.

Wolf, Block, Schorr & Solis-Cohen, Franklin H. Spitzer, Philadelphia, for appellee.

Before EAGEN, O'BRIEN, ROBERTS, POMEROY, NIX and MANDERINO, JJ.

OPINION OF THE COURT

EAGEN, Justice.

On April 30, 1970, RKO-Stanley Warner Theatres, Inc., [RKO], as seller, entered into an agreement of sale with Jack Jenofsky and Ralph Graziano, as purchasers. This agreement contemplated the sale of the Kent Theatre, a parcel of improved commercial real estate located at Cumberland and Kensington Avenues in Philadelphia, for a total purchase price of $70,000.1 Settlement was originally scheduled...

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