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LEASE CORPORATION OF AMERICA, INC. v. RESNICK

288 A.D.2d 533 (2001)

732 N.Y.S.2d 266

LEASE CORPORATION OF AMERICA, INC., Plaintiff, v. WILLIAM RESNICK et al., Defendants and Third-Party Plaintiffs-Appellants-Respondents. EDWARD J. ACTON et al., Third-Party Defendants-Respondents-Appellants. (And a Fourth-Party Action.)

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

Decided November 1, 2001.

Crew III, J. P.

In or about March 1995 defendants, owners of certain real property located in the Town of Fallsburg, Sullivan County, entered into an oral agreement with third-party defendants to permit the latter to construct a baseball stadium and operate a minor league baseball franchise on the subject property. Once third-party defendants fulfilled the terms of this oral agreement, defendants were to convey the property. After entering into this agreement, however...

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