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KATZ v. WILLIAMS

72 A.D.2d 526 (1979)

Curtis Katz, Appellant, v. Napoleon B. Williams, Jr., Respondent

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

October 23, 1979

ILTIT Associates, a partnership, was the owner of a building located on Central Park West and sponsored a plan to convert the building to co-operative ownership. Napoleon B. Williams, Jr., was a tenant in the building and subscribed to purchase shares in the co-operative corporation to be formed. The terms of the subscription agreement provided that the balance of the cash payment for the shares was to be paid within 15 days after...

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