New York Court of Appeals, 1982

In re McManus

In re McManus
New York Court of Appeals · Decided January 14, 1982
55 N.Y.2d 855; 447 N.Y.S.2d 708; 432 N.E.2d 601; 1982 N.Y. LEXIS 3064
In re McManus

Cases that cite this one

11 later published cases cite this decision. The 10 that cite it most often are listed here.

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Opinion of the Court

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 *857the 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.

Case-law data current through December 31, 2025. Source: CourtListener bulk data.