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ROGERS v. NIFORATOS

57 A.D.2d 984 (1977)

E. Stefan Rogers et al., Appellants, v. Angelo Niforatos et al., Respondents

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

May 12, 1977

Plaintiffs are a lawyer and two accountants who represented the defendants in connection with a contract to purchase a motel with bar and restaurant facilities located in Oneonta, New York. The purchase price of $850,000 was to be financed by payment of $150,000 in cash, $285,000 through personal notes to the seller secured by a purchase-money mortgage, and by acquiring the business subject to an aggregate of $415,000 in outstanding...

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