Parlato v. Bona

Full title: FRANK R. PARLATO et al., Respondents, v. JOHN J. BONA, Appellant

Court: Appellate Division of the Supreme Court of New York, Fourth Department

Date published: Dec 17, 1976

55 A.D.2d 838 (N.Y. App. Div. 1976)

Opinion

December 17, 1976

Appeal from the Erie County Court.

Present — Moule, J.P., Cardamone, Simons, Dillon and Witmer, JJ.

Judgment unanimously affirmed, with costs (Simons, J., not participating), for the reasons expressed in the opinion at Trial Term, Kane, J. Memorandum: We add that upon the signing of the contract the equitable interest in the property passed to defendant (Moyer v Hinman, 13 N.Y. 180, 188; People v De Goode, 203 App. Div. 35, 36-37, affd 236 N.Y. 613). Thereafter the risk of changed conditions fell upon him (Schmidt v C.P. Bldrs., 36 A.D.2d 731; Froehlich v K.W.W. Holding Co., 116 Misc. 275, 278, affd on opn at Special Term, 201 App. Div. 855).