Opinion
Decided January 14, 1982
Appeal from the Appellate Division of the Supreme Court in the Second Judicial Department, BERNARD M. BLOOM, S.
Terrence P. O'Reilly for appellant.
Arthur J. Powers for respondent.
On summary consideration, order affirmed, with costs. We agree with the Appellate Division that "[a]pplying 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 the formula contained in the shareholders' agreements" ( 83 A.D.2d 553; see Martin Delicatessen v Schumacher, 52 N.Y.2d 105, 110; 1 Corbin, Contracts, §§ 97-98).
Concur: Chief Judge COOKE and Judges JASEN, GABRIELLI, WACHTLER, FUCHSBERG and MEYER. Taking no part: Judge JONES.