Court of Appeals of New York

Stonehill Capital Management v. Bank of the West, 191

Read Stonehill Capital Management v. Bank of the West, 191
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In a contracts action arising from a dispute over the auction sale of a syndicated loan, the Appellate Division's grant of defendant's motion for summary judgment is reversed where the lack of a written sales agreement and plaintiffs' failure to submit a timely cash deposit were not conditions precedent to the formation of the parties' contract and do not render their agreement unenforceable.

Appellate Information

Published 2016/12/20

Judges

RIVERA

Court