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JARECKI v. MOO LOUIE

267 A.D.2d 129 (1999)

700 N.Y.S.2d 152

HENRY G. JARECKI, Appellant, v. SHUNG MOO LOUIE et al., Respondents.

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

Decided December 16, 1999.

The parties to this sublease with option to purchase the shares allocated to the cooperative unit negotiated its terms at considerable length with the assistance of counsel (see, City of New York v Stack, 178 A.D.2d 355, lv denied 80 N.Y.2d 753). It is undisputed that the purchase option was exercised within the time specified, at which time it became binding upon defendants (Kaplan v Lippman, 75 N...

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