Sargent v. Halsey

In this action for specific performance the defendants appeal from a judgment which ordered that they perform all of the terms and conditions of a contract of sale of real property. The principal issue is whether the plaintiffs’ failure to exercise a right of first refusal upon part of the optioned parcel of real property terminated such right as to the remainder of the parcel.

*377In 1951 plaintiff George K. Sargent entered into a contract with one Nathan Harvey Halsey to purchase certain real property located in Bridgehampton, New York. The contract of sale was executed in August, 1951 and…