 | | RECENT FEDERAL DECISIONS |
May 2003
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New York District Court Uses "Source of Knowledge" Standard to Decide Breach of Warranty Action
Paraco Gas Corp. v. AGA Gas, Inc.
Using the "source of knowledge" standard, a U.S. District Court in New York held that when at or before the time of closing, a buyer has learned from third party of facts which would constitute a breach of warranty, he may still prevail on a breach of warranty action against the seller.
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Read related items on:
 Topics) Pollution and Contamination) Buyer and Seller
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Southern District of New York
Paraco Gas Corp. v. AGA Gas, Inc.
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