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KRAMER v. PALNAGIO

128 A.D.2d 842 (1987)

Joel Kramer et al., Appellants, v. Philip D. Palnagio et al., Respondents

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

March 30, 1987

Ordered that the order is affirmed, with costs.

The contract at issue specifically granted the defendant sellers the right to cancel in the event the plaintiff purchasers failed to obtain a mortgage commitment by a specified date. The plaintiffs, however, failed to secure the commitment until approximately three months after the date designated in the contract and they did so only after receiving notice that the defendants...

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