Both plaintiffs signed a release barring them from pursuing precisely the sort of litigation that is involved herein. In addition, for more than 5 1/2 years they did not attempt to rescind the settlement agreement.

A party who wishes to repudiate a contract is required to act promptly (Bank Leumi Trust Co. v. D'Evori Intl., 163 A.D.2d 26, 30-31). Instead, the agreement herein had been effective for years before the action was commenced, was fully performed, and plaintiffs accepted its benefits. Moreover, nothing in the record suggests that the alleged incapacity persisted during that entire time, thereby precluding institution of this lawsuit at an earlier time. Plaintiffs must, consequently, be deemed to have ratified the agreement (Beutel v. Beutel, 55 N.Y.2d 957, 958).

Moreover, accepting the truth of every one of plaintiffs' factual assertions, as we are required to do, the individual plaintiff Palumbo has failed to satisfy either of the tests enunciated in Blatt v. Manhattan Med. Group ( 131 A.D.2d 48) for showing mental incapacity. At most, said plaintiff alleges that he was elderly, afflicted with some severe physical ailments at around the time that he was engaged in settlement negotiations and was confronting personal problems that caused him great stress. These claims, if true, indicate no more than that, at all times relevant herein, he comprehended the nature and consequences of his actions and made a rational judgment to enter into a settlement with defendant bank. As this Court stated in Blatt v. Manhattan Med. Group (supra, at 53), "[a]n outcome which will, in all likelihood, encourage people to challenge otherwise valid agreements on the ground that they were depressed when they entered into them should not be condoned."

We have considered plaintiffs' remaining arguments and find them to be without merit.

Concur — Murphy, P.J., Sullivan, Rosenberger and Ross, JJ.