STITZ v. STEVENS


70 A.D.2d 588 (1979)

Ira Stitz et al., Appellants, v. Milton Stevens et al., Respondents

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

May 7, 1979


Judgment reversed, on the law and the facts, with costs, judgment is granted to plaintiffs and the action is remitted to Special Term for entry of an appropriate judgment.

On April 5, 1974 plaintiffs sold to defendants all of their stock in two businesses owned by them. In exchange they received $20,000 in cash and four promissory notes worth an aggregate amount of $43,300. The stock certificates transferred to defendant Milton Stevens were deposited with a representative...

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