Legal Opinion
Reliable Loan & Investment Co. v. Delgus Co.
Appellate Division of the Supreme Court of the State of New York
Decided March 2, 1928PublishedCited by 5 opinions
1Opinion of the CourtProskauer, J.
By several written agreements The Delgus Company, Inc., bought stock of the Larvex Corporation from the Rosses. The agreements provided for an abatement by $5,000 of the purchase price in the event that these sellers entered into competition with the Larvex Corporation. It also provided that “ this agreement and the payments to be made thereunder may be assigned by the [sellers] upon condition, however, that [they] give notice in writing by registered mail ” to the buyer, The Delgus Company, Inc. The defendants Rosenberg and Skidelsky guaranteed the payments to be made by The Delgus Company,…
2Cases cited2 opinions
- Bank of United States v. Public BankNew York Supreme Court · 1915
- Bank of the United States v. Public BankAppellate Division of the Supreme Court of the State of New York · 1915
3Cited by5 opinions
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