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TOM JONES REALTY CORP. v. FRICK

144 A.D.2d 451 (1988)

Tom Jones Realty Corporation, Appellant, v. Henry C. Frick, II, et al., Respondents, and Herbert Carmel, Appellant

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

November 14, 1988

Ordered that the order is affirmed, with costs.

Contrary to the appellants' contentions, the sellers effectively converted the contract into one under which time was of the essence. "It is well settled that a vendor of real property may convert an agreement in which time is not of the essence to one in which time is of the essence by giving clear and unequivocal notice to the vendee that a specified reasonable time for the completion of his obligation will be deemed...

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