Construing Land Sales Act to Prevent Revocation of Apartment Purchase

In their Second Circuit Review, Martin Flumenbaum and Brad S. Karp, members of Paul, Weiss, Rifkind, Wharton & Garrison, write that developers will no doubt rest easier knowing that executed contracts on units in buildings with more than 100 units will not remain revocable for two years simply because no deed has been recorded.

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