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TERRANOVA v. SECURED CAPITAL CORP. OF NEW YORK

250 A.D.2d 835 (1998)

673 N.Y.S.2d 448

Joanne Terranova, Respondent, v. Secured Capital Corp. of New York, Appellant

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

May 26, 1998

Ordered that the order is affirmed, with costs.

The parties entered into a contract to convey real property. The Supreme Court properly rejected the defendant's contention that the contract was unenforceable because it failed to satisfy the Statute of Frauds insofar as it did not set a purchase price for the property if the property were to be sold after June 30, 1996. The contract met the requirements of General Obligations Law § 5-703 (2) because it was in...

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