ABCO Refrigeration Supply Corp. v. Designs by Keiser Corp.

Order, Supreme Court, New York County (Charles Ramos, J.), entered July 22, 1996, which, in an action for goods sold and delivered, denied defendant purchasers’ motion to vacate a judgment entered against them in the principal amount of $37,000, or to reduce it to the principal amount of $20,000, unanimously affirmed, with costs.

The parties entered into a settlement agreement in open court under which plaintiff agreed to accept $20,000 from defendants in full satisfaction of its claim for goods sold and delivered allegedly worth $37,000, provided defendants paid the $20,000 in the…