Hevia v. Lopardo

127 A.D. 189, 111 N.Y.S. 663, 1908 N.Y. App. Div. LEXIS 1923

This text of 127 A.D. 189 (Hevia v. Lopardo) is published on Counsel Stack Legal Research, covering Appellate Division of the Supreme Court of the State of New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Hevia v. Lopardo, 127 A.D. 189, 111 N.Y.S. 663, 1908 N.Y. App. Div. LEXIS 1923 (N.Y. Ct. App. 1908).

Opinion

Woodward, J.:

The plaintiff is a broker, and on the 14th day of March, 1907, the defendant delivered the following memoranda to him, as the result of certain negotiations:

“Mcvrch 14, 1907.
“ Alebed A. Hevia, Esq., 71 Nassau St., N. Y. City.
In consideration of One Dollar the receipt of which is hereby acknowledged, I hereby agree to accept a loan of Twenty-five hundred ($2500) dollars cash at 5-|$, for 3 years, on property described in the within application and for your services in procuring said acceptance, I hereby agree to pay you. the sum of Five hundred and nine ($509) dollars both loans and pay recording mortgage tax.
“FRANK LOPARDO.
“ In presence of
“G. P. Baeoni.”

There was no mention in the contract of the time for the consummation of this contract, but it is not disputed that it was agreed between the parties that the loan should be completed on the 20th day of March, 1907. ' The loan was to be made on property to be purchased by the defendant, and the $509 agreed upon in the written contract was to include the title insurance. It seems that the title insurance company wrote to the plaintiff on the nineteenth of March suggesting that the title was complicated, and that the company wanted at least another week to complete the search. Plaintiff' communicated this letter to the defendant' and his agent, and suggested a postponement of the date for completing the loan to the twenty-seventh day of March, but the defendant made no response to the request, and there is no conflict in the evidence that the plaintiff had his party present at the office agreed upon, ready and willing to make the loan, provided the defendant’s -title was goqd. It developed upon the investigation of the Title Guarantee Company that the defendant’s title was not good. On the 20th of March, 1907, the defendant, who was under contract to take the [191]*191premises of one Wheeler on that date, completed his purchase, Wheeler accepting purchase-money mortgages in lieu of the money, and then defendant, assuming that the plaintiff was not ready with his loan, repudiated the contract. The plaintiff sued and has recovered judgment .within the limits of the jurisdiction of the Municipal Court.

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Bluebook (online)
127 A.D. 189, 111 N.Y.S. 663, 1908 N.Y. App. Div. LEXIS 1923, Counsel Stack Legal Research, https://law.counselstack.com/opinion/hevia-v-lopardo-nyappdiv-1908.