RMS Partners Tivoli Co. v. Uccellini

Appeal from a judgment of the Supreme Court (Lang, Jr., J.), entered April 23, 1999 in Rensselaer County, upon a decision of the court in favor of defendant.

Defendant, president and majority shareholder of United Investors Realty Corporation (hereinafter UIRC), entered into three identical contracts on behalf of UIRC with each plaintiff for the purchase and sale of three commercial properties in Florida, owned by each plaintiff separately. While the original contracts required that the transaction close by December 31, 1993, that date was postponed and new contracts were executed (hereinafter…