Sangro Management Corp. v. Clinton Hills Apts. Owners Corp.
Opinion of the Court
Ordered that the order is affirmed, with costs.
The complaint seeks to recover, among other things, damages based on the defendant’s alleged breach of a contract to sell shares in a cooperative corporation allegedly entered into after the plaintiff bid for such shares at a public auction. This cause of action is governed by a four-year statute of limitations (see UCC 2-725; Measom v Greenwich & Perry St. Hous. Corp., 227 AD2d 312 [1996]; McLeod v Cowles, 215 AD2d 460 [1995]). Thus, the Supreme Court correctly concluded that this cause of action was time-barred.
The plaintiff argues that because the defendant “had no intention of selling the auctioned units to [it] from day one,” it asserted a valid, and timely, cause of action sounding in fraud. We disagree. “General allegations that [a] defendant entered into a contract while lacking the intent to perform it are insufficient to support [a fraud] claim” (New York Univ. v Continental Ins. Co., 87 NY2d 308, 318 [1995]; see WIT Holding Corp. v Klein, 282 AD2d 527 [2001]; Non-Linear Trading Co. v Braddis Assoc., 243 AD2d 107, 118 [1998]; cf. Sabo v Delman, 3 NY2d 155, 162 [1957]).
The plaintiffs remaining contentions are without merit. Adams, J.P., S. Miller, Ritter and Fisher, JJ., concur.
Case-law data current through December 31, 2025. Source: CourtListener bulk data.