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OPPENHEIM v. SIMON

57 A.D.2d 1006 (1977)

Stephen L. Oppenheim et al., Copartners Practicing Under the Name of Oppenheim & Drew, Appellants, v. Leonard Simon et al., Third-Party Plaintiffs-Respondents-Appellants. Hyman Novick Realty Corporation, Third-Party Defendant-Appellant; Stephen L. Oppenheim, Third-Party Defendant-Respondent, et al., Third-Party Defendant

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

May 19, 1977

On November 14, 1973, Hyman Novick Realty Corporation (the Corporation) and defendants Simon and Felixon entered into a contract whereby said defendants were to purchase substantially all of the Corporation's assets. Pursuant to the contract and upon its signing and within 10 weeks thereafter, $90,000 was to be paid in three installments by defendants and held by plaintiffs Oppenheim and Drew as escrow agents. This sum was to serve...

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