Legal Opinion
Pesa v. Yoma Development Group, Inc.
New York Court of Appeals
Decided February 9, 2012No. 3PublishedCited by 47 opinions
POINTS OF COUNSEL
1Opinion of the Court
OPINION OF THE COURT
Smith, J.
We hold that, in a case alleging that a seller has repudiated a contract to sell real property, the buyers must prove they were ready, willing and able to close the transaction.
I
Defendant Yoma Development Group, Inc. (the seller) agreed in three separate contracts to sell three properties, on each of which the seller planned to build a three-family dwelling. One of the properties was to be sold to all four of the plaintiffs (the buyers), another to three of them, and a third to plaintiff Mario Pesa only. Each contract specified a purchase price of $430,000 and a…
2Cases cited10 opinions
- American List Corp. v. U.S. News & World Report, Inc.New York Court of Appeals · 1989
- M. O'Neil Supply Co. v. Petroleum Heat & Power Co.New York Court of Appeals · 1939
- Bigler v. . MorganNew York Court of Appeals · 1879
- Madison Investments, Inc. v. Cohoes AssociatesAppellate Division of the Supreme Court of the State of New York · 1991
- DeForest Radio Telephone & Telegraph Co. v. Triangle Radio Supply Co.New York Court of Appeals · 1926
5 more not listed; retrieve them via the Exa API.
3Cited by47 opinions
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- AMPOWER-US, LLC v. WEG Transformers USA, LLCAppellate Division of the Supreme Court of the State of New York · 2023
- Yu Ling Hu v. ZapasAppellate Division of the Supreme Court of the State of New York · 2013
42 more not listed; retrieve them via the Exa API.