KAPUR v. STIEFEL


264 A.D.2d 602 (1999)

695 N.Y.S.2d 330

KARAN KAPUR, Appellant, v. NANCY STIEFEL et al., Respondents.

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

Decided September 16, 1999.


Inasmuch as plaintiff's mortgage commitment letter was revoked by the lender after the contingency period, the provision in the contract of sale conditioning plaintiff's right to the return of his escrowed down payment upon his cancellation of the contract within seven business days after the date specified for obtaining the commitment letter was inapplicable. Nor, under the circumstances at bar, involving a commitment revocation...

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