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ANDERSON v. MEADOR

56 A.D.3d 1030 (2008)

STUART ANDERSON et al., Individually and as Trustees of the STUART D. AND JOAN LEE ANDERSON TRUST, Respondents, v. ROBERT J. MEADOR, JR., et al., Appellants.

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

November 20, 2008.

SPAIN, J.

This dispute involves a June 2005 purchase and sale contract for residential real property located on Cayuga Lake, which property lies partially in the Town of Covert, Seneca County, and partially in the Town of Ulysses, Tompkins County. Plaintiffs (hereinafter the sellers) agreed to sell the property for $720,000 and defendants (hereinafter the purchasers) tendered a deposit of $25,000. Prior to closing, the purchasers canceled the contract based on the...

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