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Wednesday, June 16, 2010

Nicholas Kalogeras v. 239 Broad Avenue, L.L.C. (A-42-09)

 Nicholas Kalogeras v. 239 Broad Avenue, L.L.C.  (A-42-09) 6-16-10 


The requirement for governmental approval is an 

implied condition of all agreements for the transfer 

of alcoholic beverage licenses, and, subject to that 

condition precedent, a contract for the transfer of a 

liquor license can be specifically enforced, but only 

to the extent the parties would be required to act, in 

accordance with the implied covenant of good faith and 

fair dealing, in respect of the statutory condition 

precedent of prior governmental approval.  To the 

extent that 73 Bowling Center v. Aristone is 

interpreted otherwise, it is disapproved