Ordered that the judgment is affirmed, with costs.
It is well settled that the term "first option" to purchase means the right of first refusal, and that it is not an absolute option to purchase (see, R. I. Realty Co. v Terrell, 254 N.Y. 121, 124-125; Blau-Par Corp. v Reliance Chem. Corp.,
Let's get started
Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.
- Updated daily.
- Uncompromising quality.
- Complete, Accurate, Current.