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BARCLAY ARMS, INC. v. BARCLAY ARMS ASSOCS.

182 A.D.2d 397 (1992)

Barclay Arms, Inc., Appellant, v. Barclay Arms Associates et al., Respondents

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

April 2, 1992

In 1980 plaintiff entered into a contract to sell to the assignor ("the purchaser") of defendant Barclay Arms Associates (BAA) an apartment building in Queens. In a simultaneously executed addendum, the purchaser agreed that in the event said purchaser or "its successors or assigns, or any owner of the Leasehold, shall within 12 years of Closing file a Plan to convey the property covered by the Leasehold to cooperative ownership, and such Plan subsequently becomes...

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