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BERNSTEIN v. FELSKE

143 A.D.2d 863 (1988)

Martin Bernstein et al., Appellants, v. R. Norman Felske et al., Respondents

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

October 24, 1988

Ordered that the order and judgment is affirmed, with costs.

The defendant Broad Cove, Inc., is a corporation which owns 105 acres of waterfront property in Aquebogue, New York. The defendant R. Norman Felske is the sole shareholder of Broad Cove, Inc. On February 16, 1985, Felske and the plaintiffs executed a "letter of intent" to form a joint venture for the purpose of developing a condominium project on the Aquebogue...

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