Nixon Gear & Machine Co. v. Nixon Gear, Inc.
Appellate Division of the Supreme Court of the State of New York
1Opinion of the Court
Order and judgment unanimously reversed, on the law and facts, with costs, and a new trial granted. Memorandum: Plaintiff and defendant entered into an “Asset Purchase Agreement,” which provided that defendant would purchase plaintiff’s equipment for $800,000 and its inventory at the net book value as of the closing date. Defendant placed $300,000 in escrow to be applied towards the purchase of the inventory. Subsequent to closing a dispute arose over the valuation of the inventory. Plaintiff claimed a value of $438,246; defendant maintained the inventory had a value of approximately…
2Cases cited8 opinions
- Miller v. . SchlossNew York Court of Appeals · 1916
- Bartkowiak v. St. Adalbert's Roman Catholic Church SocietyAppellate Division of the Supreme Court of the State of New York · 1973
- Abinet v. MediavillaAppellate Division of the Supreme Court of the State of New York · 1957
- Fleder v. ItkinNew York Court of Appeals · 1945
- Larme Estates, Inc. v. Omnichrome Corp.Appellate Division of the Supreme Court of the State of New York · 1937
3 more not listed; retrieve them via the Exa API.
3Cited by10 opinions
- City of Yonkers v. Otis Elevator Co.Court of Appeals for the Second Circuit · 1988
- Buckley & Co. v. City of New YorkAppellate Division of the Supreme Court of the State of New York · 1986
- Rodgers v. Roulette Records, Inc.District Court, S.D. New York · 1988
- Radio Today, Inc. v. Westwood One, Inc.District Court, S.D. New York · 1988
- Pennsylvania Engineering Corp. v. Islip Resource Recovery AgencyDistrict Court, E.D. New York · 1989
5 more not listed; retrieve them via the Exa API.