Majority
p. 1069Leegar Realty Corp. et al., Respondents, v. Electromatic Manufacturing Corp. et al., Defendants, and Syzygy Realty Corporation et al., Appellants.
Order denying appellants’ motion to dismiss the first and fourth causes of action affirmed, with $10 costs and disbursements. Upon receipt of the tenant’s notice of election to exercise the option of purchase granted by the lease, the landlord was bound to convey in compliance with that option agreement; and the tenant thereafter had the right to assign its rights thereunder without the landlord’s consent. (Personal Property Law, § 41; Bullock v. Cutting, 155 App. Div. 825 , 829; Cochran v. Taylor, 273 N. Y. 172 , 182; Rosenthal P.. Co. v. Nat. Holding B. é P. Co., 226 N. Y. 313 , 325; Epstein v. Gluckin, 233 N. Y. 490 , 492-493.) Hagarty, Acting P. J., Carswell, Johnston, Adel and Sneed, JJ., concur. [See 273 App. Div. 773 .]
Cases cited
- Cochran v. Taylor 273 N. Y. 172 at 182 p. 1069
- Rosenthal Paper Co. v. National Folding Box & Paper Co. 226 N. Y. 313 at 325 p. 1069
- Epstein v. Gluckin 233 N. Y. 490 at 492-493 p. 1069