PARCSIDE EQUITY, LLC v. FREEDMAN

8022, 8023, 116998/08.

96 A.D.3d 635 (2012)

947 N.Y.S.2d 461

2012 NY Slip Op 5106

PARCSIDE EQUITY, LLC, Respondent, v. LEONARD FREEDMAN, Appellant. LEONARD FREEDMAN, Counterclaim Plaintiff-Appellant, v. PARCSIDE EQUITY, LLC, Counterclaim Defendant-Respondent.

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

June 26, 2012.


Key to this transaction to sell defendant's life insurance policies to plaintiff was paragraph 11 of the subject contract, which stated: "Performance. This Agreement has been executed first by the Seller as an offer to sell the Policy hereunder, which offer shall be open for acceptance by the Purchaser until 5:00 P.M. on October 17, 2008, at which time the offer shall be deemed to be withdrawn if this contract has not been returned to the Purchaser and in the Purchaser's...

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