Cole v. Telesco Leasing Co.

Order unanimously reversed on the law without costs, motion denied and order granted, in accordance with the following memorandum: This is an interpleader action commenced by Carl M. Cole (Cole), as escrow agent, to determine if and when a quitclaim deed should be recorded. Defendant Telesco Leasing Company, Inc. (Telesco) owns premises at 495 Paderewski Drive in Buffalo known as the Buffalo Central Terminal. Telesco and defendants Samuel and Betty Tuchman (Tuchmans) entered into a series of related agreements regarding the sale of the premises. Under an option agreement the Tuchmans were…