SCALIA v. GLIELMI


200 A.D.2d 614 (1994)

606 N.Y.S.2d 722

Peter Scalia et al., Respondents, v. Paul Glielmi, Appellant

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

January 18, 1994


Ordered that the judgment is affirmed, with costs.

By agreement dated January 7, 1988, the defendant purchased the Little Italy Deli of Midtown, Inc., including the business assets and lease, from the plaintiffs. The purchase price included a $145,000 promissory note payable in installments of $1,400 per month for 10 years. The agreement and the promissory note were made contingent on the defendant executing, upon expiration of the existing lease on the premises,...

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