MATTER OF McMANUS


55 N.Y.2d 855 (1982)

In the Matter of Leo K. McManus, Deceased. Joseph M. McManus, Sr., Appellant; Virginia A. McManus, as Executrix of Leo K. McManus, Deceased, Respondent.

Court of Appeals of the State of New York.

Decided January 14, 1982.


Attorney(s) appearing for the Case

Terrence P. O'Reilly for appellant.

Arthur J. Powers for respondent.

Concur: Chief Judge COOKE and Judges JASEN, GABRIELLI, WACHTLER, FUCHSBERG and MEYER. Taking no part: Judge JONES.


On summary consideration, order affirmed, with costs. We agree with the Appellate Division that "[a]pplying fundamental principles of contract law, it is apparent that the petitioner's letter of December 14, 1979 was an unqualified, seasonable expression of acceptance of appellant's offer of stock at a price to be computed in accordance with the formula contained in the shareholders' agreements" (83 A.D.2d 553<...

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