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BRIARWOOD TOWERS 85TH CO. v. GUTERMAN

162 A.D.2d 162 (1990)

Briarwood Towers 85th Company, Appellant, v. Gerald Guterman et al., Respondents, et al., Defendants

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

June 7, 1990

In the underlying action, plaintiff Briarwood Towers 85th Company, a New York limited partnership which sold certain parcels of real property and an apartment house complex to respondent Moral Five Corporation, sought to recover $1,183,296, allegedly due and payable as a result of respondents' refusal to satisfy a duly executed purchase-money wrap-around promissory note in the original amount of $5,500,000.

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