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BANKER NORTH SALEM ASSOCS. I v. HAIGHT

204 A.D.2d 949 (1994)

612 N.Y.S.2d 281

Banker North Salem Associates I et al., Appellants, v. Edward A. Haight et al., Respondents

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

May 26, 1994

Mercure, J.

On March 31, 1986, plaintiffs' assignor, Joel Banker, contracted to purchase property in the Town of North Salem, Westchester County, from defendants for $2 million. Banker proposed to develop the property, utilized by defendants and their predecessors in title as an apple orchard for over 75 years, for residential and commercial use. In the fall of 1986, approximately seven months after the contract was signed, Banker requested and defendants...

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