G&B Photography, Inc. v. Greenberg

209 A.D.2d 579, 619 N.Y.S.2d 294 (2d Dept. 1994).  On behalf of a defaulting buyer under a contract for the sale of stock, we successfully argued on appeal that the seller’s election (through a letter from its attorney) of the remedy of strict foreclosure, prohibited the seller from subsequently pursuing additional relief against the buyer for the resulting deficiency.