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A According to Sherwin Belkin, a Manhattan lawyer who represents landlords, the state's general obligations law governs security deposits, providing that if a deposit is to be held for more than 120 days, it must be placed in an interest-bearing account.
A. Joel E. Abramson, a Manhattan real estate lawyer, said that under Section 5-601 of New York State's General Obligations Law, banks that are subject to the state's Banking Department -- basically, any bank licensed to do business in the state -- are required to pay interest on escrow accounts.
Mr. Jacobs explained that Section 5-601 of the state's General Obligations Law provided that any "mortgage investing institution" that maintained an escrow account in connection with a mortgage on a one- to six-family residence, or on a property owned by a co-op corporation, was required to pay at least 2percentt annual interest -- on a quarterly basis -- on that account.
A. John D'Agostino, a Manhattan real estate lawyer, said that the state's General Obligations Law requires owners of buildings with six or more residential rental units to deposit tenants' security deposits in an interest-bearing account in a New York bank that is paying an interest rate at the prevailing rate for similar deposits in other banks in the area.
Q. My lease has a provision that states, "If tenant does not renew this lease, tenant must notify landlord 60 days prior to expiration of lease of intent to vacate". In the 30 days before the time specified for my giving such notice, the landlord failed to notify me in writing of that lease provision, as required by Section 5-905 of the state's General Obligations Law.
Also, Kellogg argued that an oral agreement to pay the bonus was unenforceable under New York State's General Obligations Law, which contained a common "Statute of Frauds" provision that rendered unenforceable agreements not in a writing signed by the party seeking enforcement when the terms are not capable of being performed within one year.
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Dumping sardines is legal because the species are not covered by the European Union's landing obligation laws.
With regard to obligations, the law establishes the traditional Roman-law categories of contract, quasi-contract, delict, and quasi-delict.
We have reminded them of their obligations under law and their previous failings," Bersih said.
'Can the state of Texas flout U.S. treaty obligations, international law, the President of the United States, and the world?
None of them remove the obligation on the state to operate in accordance with its national and international obligations under law.
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