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American Standard, Inc. v. Schectman

Supreme Court of New York
427 N.E.2d 512 (1981)


American Standard, Inc. (American Standard) (plaintiff) owned property that had been the site of various industrial operations. Having decided to sell the property, American Standard entered into a contract with Schectman (defendant) to demolish all existing structures, remove equipment, and grade the property as specified in the contract. Schectman failed to grade the property as specified in the contract. Schectman argued that American Standard sold the property for only $3,000 less than fair market value. The cost for Schectman to complete the grading work as specified was $90,000. American Standard filed suit. American Standard recovered a jury verdict of $90,000 for Schectman’s failure to complete the work. Schectman appealed to the New York Supreme Court.

Rule of Law


Holding and Reasoning (Hancock, J.)

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