midpage

In re McManus

New York Court of Appeals
Jan 14, 1982
Versions:55 N.Y.2d 855
432 N.E.2d 601
447 N.Y.S.2d 708
1982 N.Y. LEXIS 3064

OPINION OF THE COURT

On summary consideration, order affirmed, with costs. We agree with the Appellate Division that “[ajpplying fundamental principles of contract law, it is apparent that the petitioner’s letter of December 14,1979 was an unqualified, seasonable expression of acceptance of appellant’s offer of stock at a price to be computed in accordance with *857the formula contained in the shareholders’ agreements” (83 AD2d 553; see Martin Delicatessen v Schumacher, 52 NY2d 105, 110; 1 Corbin, Contracts, §§ 97-98).

Concur: Chief Judge Cooke and Judges Jasen, Gabrielli, Wachtler, Fuchsberg and Meyer. Taking no part: Judge Jones.

Case Details

Case Name: In re McManus
Court Name: New York Court of Appeals
Date Published: Jan 14, 1982
Citations: 55 N.Y.2d 855; 432 N.E.2d 601; 447 N.Y.S.2d 708; 1982 N.Y. LEXIS 3064
Court Abbreviation: N.Y.
Log In