A corporate buyer made a bid to purchase certain businesses based on financial information as to their profitability supplied by the seller. The bid was accepted and the parties entered into a binding bilateral contract for the sale which included, specifically, the seller's express warranties as to the truthfulness of the previously supplied financial information.
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CBS v. ZIFF-DAVIS PUBL. CO.
75 N.Y.2d 496 (1990)
CBS Inc., Appellant, v. Ziff-Davis Publishing Co. et al., Respondents.
Court of Appeals of the State of New York.https://leagle.com/images/logo.png
Argued February 8, 1990.
Decided April 3, 1990.
Attorney(s) appearing for the Case
Judges SIMONS, ALEXANDER and TITONE concur with Judge HANCOCK, JR.; Judge BELLACOSA dissents in part and votes to affirm in a separate opinion; Chief Judge WACHTLER and Judge KAYE taking no part.
Court of Appeals of the State of New York.
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