Fifty States Management Corp. v. Pioneer Auto Parks, Inc.

New York Court of Appeals · Decided 1979-03-29

Cited by 127 later decision(s) in our corpus · see the citation network in Lexace

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OPINION OF THE COURT Chief Judge Cooke. The question posed on this appeal is whether equity will intervene to prevent enforcement of a provision in a 20-year lease between commercial parties providing for the acceleration of the rent due for the entire lease term upon the tenant’s default in the payment of a monthly rental installment. Reasoning that enforcement of the acceleration clause would exact an unco…

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