Legal Opinion
Tonkery v. Martina
New York Court of Appeals
Decided June 11, 1991PublishedCited by 13 opinions
1Opinion of the Court
OPINION OF THE COURT
Memorandum.
The order of the Appellate Division should be affirmed, with costs.
The parties signed a three-year option agreement for the purchase of real property. They agreed that the purchase price was to be either the sum offered by a bona fide third-party purchaser, or, in the alternative, the price fixed by three appraisers. The option also set forth the manner in which the appraisers were to be selected. The appellant argues that this option is indefinite and unenforceable because it does not specify how the appraisers are to determine the amount of the purchase price.
B…
2Cases cited3 opinions
- Joseph Martin, Jr., Delicatessen, Inc. v. SchumacherNew York Court of Appeals · 1981
- Cobble Hill Nursing Home, Inc. v. Henry & Warren Corp.New York Court of Appeals · 1989
- 166 Mamaroneck Ave. Corp. v. 151 East Post Road Corp.New York Court of Appeals · 1991
3Cited by13 opinions
- Marder's Nurseries, Inc. v. HoppingAppellate Division of the Supreme Court of the State of New York · 1991
- Trueforge Global Machinery Corp. v. Viraj GroupAppellate Division of the Supreme Court of the State of New York · 2011
- Bell v. WhiteAppellate Division of the Supreme Court of the State of New York · 2008
- Village of Lansing v. Triphammer Development Co.Appellate Division of the Supreme Court of the State of New York · 1993
- Omar v. RozenAppellate Division of the Supreme Court of the State of New York · 2008
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