In August 1988, defendant agreed to purchase plaintiff's property, consisting of a hotel and tavern in the City of Norwich, Chenango County, for $100,000 contingent upon his acquiring a license to dispense alcoholic beverages. He also entered into a three-year lease of the premises, for which he paid plaintiff a monthly rent of $325, commencing September 1, 1988. Upon obtaining the liquor license, defendant began operating the tavern...
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