Practice point: Once the contractual time-of-the-essence closing date was waived, plaintiffs were within their rights to unilaterally set a date.
Students should note that defendants' assertion that the date was "not good" for them is insufficient to raise a fact issue as to the date's reasonability.
Chaves v. Kornfeld , NY Slip Op 03102 (1st Dept. 2011 ).
Tomorrow's issue is notice of claim.