MAGOR v. PANAGIOTOPOULOS


247 A.D.2d 291 (1998)

668 N.Y.S.2d 462

Giora Magor, Individually and on Behalf of Doris Panos Designs, Ltd., Appellant, v. Doris Panagiotopoulos, Respondent

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

February 19, 1998


We agree with the motion court that, pursuant to the shareholders' agreement, plaintiff was not entitled to accept the offer of defendant's shares at the time he purported to do so and that pursuant to the same agreement, plaintiff could not have become empowered to accept defendant's offer prior to its proper revocation on April 18, 1996 (see, De Kovessey v Coronet Props. Co., 69 N.Y.2d 448, 455; Restatement [Second] of Contracts...

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