Chain Locations of America, Inc. v. T.I.M.E.-DC, Inc.

— Appeal from a judgment of the Supreme Court in favor of defendant, entered January 12, 1981 in Albany County, upon a decision of the court at a Trial Term, without a jury. On August 15, 1980, plaintiff sent to defendant’s real estate agent, Picotte Real Estate, Inc. (hereinafter Picotte), a written offer to purchase for $425,000 defendant’s land and the building situated thereon at 1863 Central Avenue in Colonie, New York. A $20,000 deposit accompanied the offer which specifically provided that the money was to be refunded if the offer was not accepted. By its express terms the offer…