New School for Social Research v. Field

In a proceeding to direct the executors of a decedent’s estate to pay petitioner’s claim of $126,044.68, being the balance alleged to be due upon a charitable subscription made by the decedent during his lifetime, the petitioner appeals from so much of a decree of the Surrogate's Court, Suffolk County, entered February 16, 1959, as rejects the claim to the extent of $125,000. The total subscription was $250,000. Under the terms of the subscription, $125,000 was to be payable if petitioner raised $1,000,000 by June 2, 1956, and the full amount was to be payable if petitioner raised $2,000,000…