Holy Props. v. Cole Prods

In Holy Props. v. Cole Prods. (87 NY2d 130 [1995]), the Court of Appeals stated: "Parties who engage in transactions based on prevailing law must be able to rely on the stability of such precedents. In business transactions, particularly, the certainty of settled rules is often more important than whether the established rule is better than another or even whether it is the 'correct' rule. This is perhaps true in real property more than any other area of the law, where established precedents are not lightly to be set aside." (id.)