Legal Opinion
Short Clove Associates, Inc. v. Ilana Realty, Inc. (In Re Ilana Realty, Inc.)
District Court, S.D. New York
Decided March 15, 1993No. 91 B 21407, Adv. No. 91 ADV 6200A, Nos. 92 Civ. 6105 (GLG), 92 Civ. 6106 (GLG)PublishedCited by 4 opinions
1Opinion of the Court
MEMORANDUM DECISION
GOETTEL, District Judge.
This bankruptcy appeal stems from a real estate transaction in which the appellant Short Clove Associates, Inc. sought to purchase from appellee liana Realty, Inc. a property located in Haverstraw, New York. The land to be sold included on it several buildings and improvements. The purchase price was $2.5 million. Short Clove, the buyer, paid into escrow a $125,000 deposit. The closing date was set for 60 days after the contract of sale was executed. After several delays, liana made time of the essence and a closing date was set for May 15, 1990.
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2Cases cited21 opinions
- Anderson v. City of Bessemer CitySupreme Court of the United States · 1985
- In Re G.S.F. CORPORATION, Debtor, Chase Commercial Corporation, AppellantCourt of Appeals for the First Circuit · 1991
- Hudson-Port Ewen Associates, L.P. v. KuoNew York Court of Appeals · 1991
- Cohen v. KranzNew York Court of Appeals · 1963
- Regan v. LanzeNew York Court of Appeals · 1976
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3Cited by4 opinions
- In Re Oyster Bay Cove, Ltd.United States Bankruptcy Court, E.D. New York · 1993
- Silverman v. Ankari (In Re Oyster Bay Cove, Ltd.)District Court, E.D. New York · 1996
- Entergy Services, Inc. v. Union Pacific RailroadDistrict Court, D. Nebraska · 1999
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