Pages

Wednesday, 23 April 2014

Building zone resolution is not an encumbrance

In the case of Lincoln Trust Co. v Williams Building Corporation (183 App. Div. 
225, 169 N.Y.S. 1045) the Appellate Division of New York held as: 

“In my opinion the building zone resolution is not an encumbrance 
within the meaning of the contract. The resolution was obviously 
intended as a mere police regulation of business and premises. It is a 
police regulation such as the Tenement House Law, or Building Codes 
and numerous other regulations, which are never mentioned in contracts 
and have never been held to be encumbrances.” 

No comments:

Post a Comment