SU MEI, INC. v. KUDO


302 A.D.2d 740 (2003)

755 N.Y.S.2d 481

SU MEI, INC., Respondent, v. HIROFUMI KUDO et al., Appellants.

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

Decided February 13, 2003.


Carpinello, J.

This dispute arises out of a January 29, 2001 contract between the parties whereby defendants Hirofumi Kudo and Yoshiko Kudo (hereinafter collectively referred to as defendants) agreed to purchase the assets of a restaurant run by plaintiff. Specifically, defendants agreed to pay $160,000 for the restaurant's inventory, equipment, furniture, fixtures, goodwill and covenant not to compete. The premises on which the restaurant was operated was leased...

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