Legal Opinion
Central Trust Co. v. Sheahen
Appellate Division of the Supreme Court of the State of New York
Decided December 15, 1978PublishedCited by 8 opinions
1Opinion of the Court
Order affirmed, with costs. Memorandum: On November 15, 1972 defendant Orchard Grove Village Associates (Orchard Grove), a limited partnership, offered to purchase from defendants Harold Sheahen and Lawrence Castle approximately 102 acres of land located in the Town of Ontario for development as a mobile home community. The purchase price was $2,500 per acre, of which a specified amount was to be paid in cash and the remainder paid by a note and purchase-money mortgage. In the purchase agreement Sheahen and Castle agreed to subordinate their purchase-money mortgage "to a bona fide…
2Cases cited3 opinions
- West, Weir & Bartel, Inc. v. Mary Carter Paint Co.New York Court of Appeals · 1969
- Brooklyn Trust Co. v. Fairfield Gardens, Inc.New York Court of Appeals · 1932
- Loblaw, Inc. v. WylieAppellate Division of the Supreme Court of the State of New York · 1975
3Cited by8 opinions
- Ourisman v. CommissionerUnited States Tax Court · 1984
- Manufacturers & Traders Trust Co. v. KorngoldNew York Supreme Court · 1994
- Kingsland Group, Inc. v. J.B. Satcin Realty Corp.Appellate Division of the Supreme Court of the State of New York · 2005
- In Re Eadie Properties, Inc.United States Bankruptcy Court, S.D. New York · 1983
- Boulter Carting Co. v. De PernoAppellate Division of the Supreme Court of the State of New York · 1979
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