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RUBY DEV. CORP. v. CHARRIM DEV. CORP.

160 A.D.2d 928 (1990)

Ruby Development Corporation, Respondent, v. Charrim Development Corporation et al., Appellants

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

April 23, 1990

Ordered that the order is affirmed, with costs.

In October 1986 the plaintiff Ruby Development Corporation (hereinafter Ruby) agreed to sell and the defendants agreed to buy an approximately 83-acre parcel of land located in Ulster County, New York, for $819,000. Ruby agreed to take a purchase-money mortgage of $639,000. In addition to the contract of sale, the parties entered into several other contracts which essentially provided that Ruby would act as the general...

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