OLCOTT LAKESIDE DEV., INC. v. KRUEGER


207 A.D.2d 1032 (1994)

616 N.Y.S.2d 841

Olcott Lakeside Development, Inc., Appellant, v. Donald D. Krueger, Respondent

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

September 30, 1994


Order unanimously reversed on the law without costs, cross motion denied, motion granted and judgment ordered in accordance with the following Memorandum: Defendant agreed to purchase a townhouse owned by plaintiff. The agreement contained a liquidated damages provision whereby defendant agreed, in the event of a default, to pay 10% of the purchase price plus the contractually agreed upon price for extras, changes or modifications to be installed by plaintiff. Defendant defaulted...

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