Legal Opinion
Weber v. Askin
Appellate Division of the Supreme Court of the State of New York
Decided June 27, 1963PublishedCited by 1 opinion
1Opinion of the Court
Bo$EENy P.. J.
Plaintiff, as broker, negotiated the sale of all stock wholly owned by defendants of a corporation operating a retail, chain; store business for $1,000,000, payable $600,000 on the date of closing the contract of sale and the balance of $400,000 in 15 equal semiannual installments. Defendants’ stock was to be held in escrow as collateral security for any unpaid balance. The sales agreement provided that brokerage commission would be payable to plaintiff as follows:
“ (a) If and when the closing takes place, the sum of $18,000.00
“ (b) If and when each said semi-annual installment…
2Cases cited9 opinions
- Amies v. WesnofskeNew York Court of Appeals · 1931
- Colvin v. . Post Mortgage Land Co.New York Court of Appeals · 1919
- R. J. Caldwell Co. v. Connecticut Mills Co.Appellate Division of the Supreme Court of the State of New York · 1929
- R.J. Caldwell Company, Inc. v. Connecticut Mills Co.New York Court of Appeals · 1929
- Bunnell v. ChapmanAppellate Division of the Supreme Court of the State of New York · 1916
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3Cited by1 opinion
- Lasher v. RacerAppellate Division of the Supreme Court of the State of New York · 1980