TR-One, Inc. v. Lazz Development Co.
New York Supreme Court, Appellate Division
945 N.Y.S.2d 416 (2012)
Relevant factsFree
TR-One's (plaintiff) option contract with Lazz Development (defendant) specified a street address and purchase price for 48 acres but left the property's exact size and location to be determined by a future survey the buyers would commission, and the buyers argued this description was too vague to satisfy New York's statute of frauds.
IssueFree
Whether a contract for the conveyance of real property must describe the property with sufficient specificity to satisfy a jurisdiction's statute of frauds.