New York Court of Appeals

M. Morton Ansorge, Respondent v. Corrine P. Kane, Appellant

February 23, 1927244 N.Y. 395

Summary

The Court held that the memorandum of purchase and sale was not an enforceable contract because the parties failed to agree on the amount to be paid on signing, a material term. Consequently, specific performance was unavailable and the lower courts' judgment ordering it was reversed, with the complaint dismissed.