Rathe v. Adirondack Concepts, Inc.
Appellate Division of the Supreme Court of the State of New York
1Opinion of the Court
OPINION OF THE COURT
Kane, J. P.
Plaintiffs, husband and wife, are the contract purchasers of a 300-acre dairy farm in the Town of Fort Covington, Franklin County, under a land contract dated February 4, 1984 with Gaetan A. Yelle and Solange M. Yelle,* as sellers. The contract required a substantial initial investment, which resulted in the exhaustion of all assets owned or controlled by plaintiffs. Since there were no funds available for working capital, and plaintiffs were unable to obtain any additional financing, they were faced with an insurmountable cash flow problem when the Yelles…
2Cases cited10 opinions
- Cooper v. BosseAppellate Division of the Supreme Court of the State of New York · 1981
- Franklin Society for Home Building & Savings v. BennettNew York Court of Appeals · 1939
- Duverney v. StateNew York Court of Claims · 1978
- Jewell v. RoweAppellate Division of the Supreme Court of the State of New York · 1986
- Matter of Rogers v. GravesNew York Court of Appeals · 1939
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3Cited by9 opinions
- Norman v. BucklewMississippi Supreme Court · 1996
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- Smith v. MaloufMississippi Supreme Court · 1992
- Rhodes v. DavisCourt of Appeals for the Second Circuit · 2015
- Contro v. WhiteAppellate Division of the Supreme Court of the State of New York · 1991
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