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When the city, as a seller of real estate, attaches a document to the deed at closing, but the deed does not refer to that document, may the buyer introduce evidence to establish that the document was intended to clarify the deed description? The First Department faced that issue in Liberty Square v. The Doe Fund, Inc., 202 A.D.3d 55, and precluded the purchaser from using the document to clarify the deed description.
Purchaser bought the landmark Bronx Courthouse at a public auction in 1998. In the auction brochure, the Courthouse was listed as a National Landmark and the description provided included both the tax map and a picture of the courthouse. The building's footprint exceeded the tax map lot.
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There is no efficient market for the sale of bankruptcy assets. Inefficient markets yield a transactional drag, potentially dampening the ability of debtors and trustees to maximize value for creditors. This article identifies ways in which investors may more easily discover bankruptcy asset sales.
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In recent years, there has been a growing number of dry cleaners claiming to be "organic," "green," or "eco-friendly." While that may be true with respect to some, many dry cleaners continue to use a cleaning method involving the use of a solvent called perchloroethylene, commonly known as perc. And, there seems to be an increasing number of lawsuits stemming from environmental problems associated with historic dry cleaning operations utilizing this chemical.