Case Name: In the Matter of Leo K. McManus, Deceased. Joseph M. McManus, Sr., Appellant; Virginia A. McManus, as Executrix of Leo K. McManus, Deceased, Respondent
Court: New York Court of Appeals
Jurisdiction: New York
Decision Date: 1982-01-14
Citations: 55 N.Y.2d 855
Docket Number: 
Parties: In the Matter of Leo K. McManus, Deceased. Joseph M. McManus, Sr., Appellant; Virginia A. McManus, as Executrix of Leo K. McManus, Deceased, Respondent.
Judges: 
Reporter: New York Reports
Volume: 55
Pages: 855–857

Head Matter:
In the Matter of Leo K. McManus, Deceased. Joseph M. McManus, Sr., Appellant; Virginia A. McManus, as Executrix of Leo K. McManus, Deceased, Respondent.
Decided January 14, 1982
APPEARANCES OF COUNSEL
Terrence P. O’Reilly for appellant.
Arthur J. Powers for respondent.

Opinion:
OPINION OF THE COURT
On summary consideration, order affirmed, with costs. We agree with the Appellate Division that "[ajpplying fundamental principles of contract law, it is apparent that the petitioner's letter of December 14,1979 was an unqualified, seasonable expression of acceptance of appellant's offer of stock at a price to be computed in accordance with the formula contained in the shareholders' agreements" (83 AD2d 553; see Martin Delicatessen v Schumacher, 52 NY2d 105, 110; 1 Corbin, Contracts, § 97-98).
Concur: Chief Judge Cooke and Judges Jasen, Gabrielli, Wachtler, Fuchsberg and Meyer. Taking no part: Judge Jones.