Order reversed, on the law, with $50 costs and disbursements, plaintiff's motion for summary judgment granted, and defendant's cross motion for summary judgment denied.
The "binder" executed by the parties designates the parties, describes the subject matter, states the time and terms of payment, provides a closing date and is subscribed by the party to be charged. Thus, on its face, that memorandum contains all of the essential elements of a contract and it is sufficient...
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