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MIDWOOD DEV. CORP. v. K 12TH ASSOCS.

146 A.D.2d 754 (1989)

Midwood Development Corporation, Respondent, v. K 12th Associates, Defendant, and Ambassador Terrace Associates et al., Appellants

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

January 30, 1989

Ordered that the judgment is affirmed, with costs.

Contrary to the appellants' arguments, a written agreement with the respondent dated August 19, 1982, calling for a payment of $75,000 by the appellants to the respondent, is not void for lack of consideration. The appellants claimed that they had previously entered into an agreement in 1981 for the payment of $25,000, and that the 1982 agreement therefore lacked consideration...

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