Levy v. Lacey

By agreement dated July 17, 1962, the defendants contracted to sell to one James R. Frazer for $130,000 certain real property located in Hicksville, New York, owned by the defendants. The contract was conditioned upon the ability of the sellers to obtain the abandonment of a street which was indicated on a filed map of the subject premises but which was not in actual existence. Closing of title was to take place “ on or about ” 30 days after notice of the successful completion of the abandonment proceeding. The contract recited the parties’ agreement that Arthur C. Levy, a licensed real…