Businesswoman Demet Sabanci Cetindogan and 812 Fifth Avenue

An appeals court has reversed a ruling that required the seller of an exclusive Fifth Avenue residence to return a $300,000 deposit to the woman who had planned to buy the unit. The seller had alleged that the would-be buyer intentionally flunked her co-op board interview.

Last year, Harvey Schuyler, a former resident of 812 Fifth Avenue, was instructed to return the deposit, after he failed to provide sufficient evidence that the woman acted in bad faith. But a Manhattan State Supreme Court Appellate Division judge said that there is indeed enough evidence to warrant further discussion of the case. [more]