Defendants were owners of a house and lot in the Town of Warwick, Orange County. In 1991 they agreed to exchange a 0.133-acre parcel with a certain neighbor in return for a 1.373-acre parcel. In February 1992, before the exchange took place, defendants accepted a purchase offer from plaintiffs for their property, which included the parcel they were to receive from their neighbor, for a purchase price of $170,000. The contract was fully executed...
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