E-mail May Be Binding, State Court Rules

Naldi v. Grunberg, a recently decided case that reached the New York State Court of Appeals, involved a breach of contract in a commercial real estate transaction.  The court justices ruled that E-mails are binding in real estate negotiations.  Lawyers say that the ruling expands the state's Statute of Frauds, a law that requires all property deals to be agreed in writing.  Read more...