NY Property Case Presents Sea Change For Oral Contracts

Law360 (July 28, 2020, 5:07 PM EDT) -- In Korman v. Corbett,[1] which was decided on May 6, New York's Appellate Division, Second Department, carved out a new exception to the Statute of Frauds, holding that a court may utilize its inherent equitable powers to compel specific performance of an oral contract for the sale of real property where there is partial performance.[2] 

Facts

In or around July 2016, the plaintiffs, who are domestic partners — one an attorney and the other a medical doctor — leased the second-floor apartment of a split-level home located in Brooklyn's Prospect Park neighborhood from the owner, Donna R. Barnes, now deceased....

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