Matthews v. Bearce

Appeal from an order of the Supreme Court at Special Term, entered January 11, 1978 in Otsego County, which granted a motion for summary judgment dismissing plaintiffs’ complaint. Plaintiffs, Rachael Matthews and a corporation of which she was president, entered into a contract with defendants to purchase defendants’ farm. The plaintiffs paid $1,000 upon signing of the contract. The agreement called for the additional payment of $1,500 on August 15, 1977 and $42,500 at closing in April, 1978. On September 3, 1977, Rachael Matthews wrote to the defendants that because the sale of property she…