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GROSSMAN v. LAURENCE-N.J.

90 A.D.2d 95 (1982)

Martin Grossman, Respondent, v. Laurence Handprints-N.J., Inc., et al., Appellants

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

November 29, 1982

Attorney(s) appearing for the Case

Wolf, Popper, Ross, Wolf & Jones (Michael P. Fuchs of counsel), for appellants.

Weinstein & Weinstein (Jonathan H. Weinstein of counsel), for respondent.

LAZER, J. P., THOMPSON and BRACKEN, JJ., concur.

RUBIN, J.

The plaintiff and the individual defendants entered into an agreement in January of 1981, under the terms of which the plaintiff sold and the defendants bought all of the stock of Laurence Handprints-N.J., Inc., at an agreed price of $80,000. The contract of sale provided, inter alia, that the purchasers would give the seller a promissory note in the amount of $40,000, payable in installments...

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