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TIME ASSOCS., INC. v. BLAKE REALTY, INC.

212 A.D.2d 879 (1995)

622 N.Y.S.2d 816

Time Associates, Inc., Respondent-Appellant, v. Blake Realty, Inc., et al., Appellants-Respondents

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

February 9, 1995

Yesawich Jr., J.

Plaintiff and defendant Blake Realty, Inc. entered into a contract by the terms of which Blake was to purchase, for $100,000, certain assets of plaintiff's real estate brokerage business, along with a covenant not to compete in the local residential real estate market. Blake made a downpayment of $25,000 and executed a promissory note guaranteed by its president, defendant Jeffrey G. Christiana, for the remaining $75,000. After making...

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