On December 20, 1971, defendant, the record owner of certain premises located in the Village of Phoenicia, Town of Shandaken, Ulster County, upon which she conducted a motel business, entered into agreements with plaintiffs for the sale of the premises and the business. Pursuant to the agreements, plaintiffs made a down payment of $13,000 and entered into possession of the premises. At the closing, scheduled for December 31, 1971, plaintiffs refused to accept title on the...
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