In re McManus

New York Court of Appeals

In re McManus

432 N.E.2d 601, 55 N.Y.2d 855, 447 N.Y.S.2d 708, 1982 N.Y. LEXIS 3064

New York Court of Appeals·Decided January 14, 1982·Published·Cited by 11 cases

Opinion

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 [857] the 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.

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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 [857] the 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.

In re McManus, 432 N.E.2d 601, 55 N.Y.2d 855, 447 N.Y.S.2d 708, 1982 N.Y. LEXIS 3064 (N.Y. 1982).

Pincite

432 N.E.2d 601 (In re McManus) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

22 Employee Benefits Cas. 1208, Pens. Plan Guide (Cch) P 23942y Robert D. Krumme, Gordon E. Allen John Currier Nicholas Pallotta James J. Dunne Leo Fornero Gerard P. Mandry Norman K. Matheson Cochran P. Supplee and Bruce E. Moore v. Westpoint Stevens Inc., Formerly Known as West Point-Pepperell, Inc., Defendant-Appellant-Cross-Appellee, C. Powers Dorsett and D. Michael Roark, Defendants-Cross-Appellees

143 F.3d 71 (Second Circuit, 1998)

Compania Sud-Americana De Vapores S.A. v. IBJ Schroder Bank & Trust Co.

785 F. Supp. 411 (S.D. New York, 1992)

CAE Industries Ltd. v. Aerospace Holdings Co.

741 F. Supp. 388 (S.D. New York, 1989)

Elias v. Serota

103 A.D.2d 410 (Appellate Division of the Supreme Court of New York, 1984)

Opinion

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