McLEOD v. COWLES


215 A.D.2d 460 (1995)

626 N.Y.S.2d 831

Douglas McLeod et al., Appellants, v. Matthew Cowles et al., Respondents

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

May 8, 1995


Ordered that the order is affirmed insofar as appealed from, with costs.

In December 1985, the plaintiffs and the defendants entered into a contract in which the defendants agreed to purchase the shares in a cooperative owned by the plaintiffs. Although they executed the agreement, the defendants never made the required down payment. On or about December 30, 1985, the defendants informed the plaintiffs that they were cancelling the contract. On December 13, 1991,...

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