Highland Views Corporation (hereinafter Highland) contracted with Adirondack Land Corporation (hereinafter ALC) to purchase 718 acres of vacant land located in the Town of Horicon, Warren County. At the closing, Highland's president, Donald Gerdts, assigned the contract to Adirondack Mountain Meadow Corporation (hereinafter AMMC). As part of the purchase price, AMMC executed a purchase money mortgage...
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