On May 1, 1983, plaintiffs and defendants, without counsel, executed a contract whereby plaintiffs were to sell and defendants were to buy a home (referred to as Lyonwyk) in the Town of New Scotland, Albany County. The following contingency was inserted on the printed contract form: "This offer is extended for 24 hours * * * to be reviewed by attorneys and approved by May 2nd 5 pm by buyer and seller". Defendants also wrote a check for $5,000...
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