Plaintiff sues for enforcement of its right to purchase 470 capital stock shares of the co-operative apartment in which its office is located, pursuant to the terms of an option in its five-year lease with defendant. Defendant originally accepted a $6,000 down payment and advised plaintiff that he was electing to receive full payment in cash, as specified in the option. Some months later, however, defendant repudiated plaintiff's right to the option, alleging a breach of...
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