Plaintiffs seek to demonstrate that their method of financing (secured by a due-on-demand mortgage) would have been rejected by the cooperative board, thus entitling them to terminate the agreement and obtain return of their down payment. By reviewing the financing arrangements of every other member of the cooperative, plaintiffs hope to prove that the rare, due-on-demand mortgage financing is totally foreign to this cooperative.
The IAS court permitted plaintiffs...
Let's get started
Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.
- Updated daily.
- Uncompromising quality.
- Complete, Accurate, Current.
