Legal Opinion
7 Doyer Street Realty Corp. v. Great Cathay Development Corp.
Appellate Division of the Supreme Court of the State of New York
Decided February 25, 1974PublishedCited by 9 opinions
1Opinion of the CourtLake, J.
The Great Cathay Development Corporation (Cathay) was about to purchase a building in Chatham Square. In 1968, 7 Doyer Street Realty Corp. (Dover), in anticipation of its prospective tenancy in that building, entered into a lease agreement with Cathay and in accordance with the lease provisions deposited $28,500 with Cathay. ""
Clause 49 of the lease specifically provided that, in the event Cathay did not purchase the building, the deposit made was to be returned to Doyer with neither party having any further right against or obligation to the other.
On March 2, 1970, Cathay informed Doyer that…
2Cases cited1 opinion
- Rachlin & Co. v. Tra-Mar, Inc.Appellate Division of the Supreme Court of the State of New York · 1970
3Cited by9 opinions
- Chris-Craft Industries, Inc. v. Piper Aircraft Corp.Court of Appeals for the Second Circuit · 1975
- Delulio v. 320-57 Corp.Appellate Division of the Supreme Court of the State of New York · 1984
- Marx & Co., Inc. v. DINERS'CLUB, INC.District Court, S.D. New York · 1975
- Mount Sinai Hospital v. Borg-Warner Corp.District Court, S.D. New York · 1981
- Claudio v. School City of GaryIndiana Court of Appeals · 1983
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