New York Court of Appeals, 1985

Caulfield v. Improved Risk Mutuals, Inc.

Caulfield v. Improved Risk Mutuals, Inc.
New York Court of Appeals · Decided November 12, 1985
66 N.Y.2d 793; 488 N.E.2d 833; 497 N.Y.S.2d 903; 1985 N.Y. LEXIS 17930
Caulfield v. Improved Risk Mutuals, Inc.

Cases that cite this one

5 later published cases cite this decision.

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Opinion

OPINION OF THE COURT

Order reversed, with costs, and judgment of Supreme Court, Monroe County, reinstated for the reasons stated in the dissenting memorandum of Justice Stewart F. Hancock, Jr., at the Appellate Division (107 AD2d 1013, 1014-1015). We agree with the dissent below that, based upon the specific provisions of the contract and the amendments made thereto, the risk of loss passed to the purchasers upon the date of the escrow closing.

*796 Concur: Chief Judge Wachtler and Judges Jasen, Meyer, Kaye and Alexander. Judge Titone dissents and votes to affirm for the reasons stated in the memorandum of the Appellate Division (107 AD2d 1013). Taking no part: Judge Simons.

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