LAZAR v. MARAGOLD GROUP, LTD.


150 A.D.2d 645 (1989)

Herbert Lazar et al., Appellants, v. Maragold Group, Ltd., et al., Respondents

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

May 22, 1989


Ordered that the order is affirmed, with costs.

The record reveals that the plaintiffs entered into an agreement with the defendant Shoratlantic Development Corp. (hereinafter Shoratlantic) to purchase certain premises owned by Shoratlantic. After the plaintiffs repeatedly failed to timely make progress payments pursuant to the contract, Shoratlantic declared them to be in default and terminated the agreement. The plaintiffs...

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