COURAGEOUS SYNDICATE, INC. v. PEOPLE-TO-PEOPLE SPORTS COMM., INC.


124 A.D.2d 776 (1986)

Courageous Syndicate, Inc., et al., Respondents, v. People-to-People Sports Committee, Inc., et al., Appellants, et al., Intervenor-Defendant

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

November 24, 1986


Ordered that the order is affirmed insofar as appealed from, with costs.

Pursuant to a written agreement, the appellants have been collecting money donated to support the plaintiffs' preparations to compete in the 1987 America's Cup Yacht Race and have been depositing the funds in the plaintiffs' account. The appellants are refusing to release the funds to the plaintiffs, claiming that they are entitled to retain them as a setoff due to the plaintiffs' alleged breaches...

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