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38 Misc. 2d 621

Stevens v. Gibbons

Appellate Terms of the Supreme Court of New York · decided 1962-04-02

Cited by 2 later decisions — most recently February 1987

1 federal appellate ·

Good law ✅— No negative treatment on recordhow we know

Decided 1962-04-02

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Per Curiam.

¶1In this action for brokerage commissions, the contract of sale permitted either party to withdraw from the transaction if the purchaser did not obtain a mortgage commitment for an agreed amount on or before a stated date. Upon the purchaser’s failure to procure such a commitment within the agreed time the seller cancelled the contract. In these circumstances, plaintiff broker is not entitled to any commission.

¶2The judgment should be unanimously reversed, with $30 costs to defendants and complaint dismissed with appropriate costs in the court below.

¶3Concur — Hart, Di Giovanna and Brown, JJ.

¶4Judgment reversed, etc.

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