Home/New York Court of Appeals/Video Corp. of America v. Frederick Flatto Associates, Inc.

Video Corp. of America v. Frederick Flatto Associates, Inc.

448 N.E.2d 1350, 58 N.Y.2d 1026, 462 N.Y.S.2d 439, 1983 N.Y. LEXIS 2963
New York Court of Appeals·Decided March 23, 1983·Published·Cited by 76 cases

Opinion

OPINION OF THE COURT

Memorandum.

The order of the Appellate Division should be modified to deny the motion to dismiss the complaint and to reinstate the complaint in its entirety and, as so modified, should be affirmed, with costs to plaintiff.

Justice Sandler’s analysis (85 AD2d 448, 457) of our holding in Sears, Roebuck & Co. v Enco Assoc. (43 NY2d 389; see, also, Steiner v Wenning, 43 NY2d 831; Matter of Paver & Wildfoerster [Catholic High School Assn.], 38 NY2d 669) is correct: an action for failure to exercise due care in the performance of a contract insofar as it seeks recovery for damages to property or pecuniary interests recoverable in a contract action is governed by the six-year contract Statute of Limitations (CPLR 213, subd 2). To the extent that Gilbert Props. v Millstein (33 NY2d 857) and Adler & Topal v Exclusive Envelope Corp. (84 AD2d 365) are to the contrary they should not be followed.

[1029] Chief Judge Cooke and Judges Jasen, Jones, Wachtler, Fuchsberg, Meyer and Simons concur.

Order modified in accordance with the memorandum herein and, as so modified, affirmed, with costs to plaintiff. Question certified answered in the negative.

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Video Corp. of America v. Frederick Flatto Associates, Inc., 448 N.E.2d 1350, 58 N.Y.2d 1026, 462 N.Y.S.2d 439, 1983 N.Y. LEXIS 2963 (N.Y. 1983).

448 N.E.2d 1350 (Video Corp. of America v. Frederick Flatto Associates, Inc.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

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