Jarecki v. Shung Moo Louie
New York Court of Appeals
1Opinion of the Court
OPINION OF THE COURT
Wesley, J.
Defendants Shung Moo Louie and Shung Mon Louie own shares in a cooperative apartment in Manhattan. In 1995, they entered into a three-year sublease agreement with plaintiff Henry Jarecki. The sublease included a rider that, among other things, contained an option to purchase the apartment for $600,000, subject to the approval of the cooperative board.
In February 1998, plaintiff notified defendants that he was exercising his option. Thereafter, the parties executed a contract of sale, which included an anti-assignment provision and a standard merger clause, * and…
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- Buffalo Seminary v. McCarthyNew York Court of Appeals · 1983
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