Case Name: John Rustum et al., Respondents, v. Camila A. Pinto, Appellant, et al., Defendant
Court: New York Supreme Court, Appellate Division
Jurisdiction: New York
Decision Date: 2011-11-17
Citations: 89 A.D.3d 574
Docket Number: 
Parties: John Rustum et al., Respondents, v Camila A. Pinto, Appellant, et al., Defendant.
Judges: 
Reporter: Appellate Division Reports
Volume: 89
Pages: 574–574

Head Matter:
John Rustum et al., Respondents, v Camila A. Pinto, Appellant, et al., Defendant.
[932 NYS2d 699]

Opinion:
The court properly granted plaintiffs' motion, because, in giving effect to the plain meaning of the unambiguous contract language (see Bailey v Fish & Neave, 8 NY3d 523, 528 [2007]), it found that plaintiffs were unsuccessful in obtaining a "Loan Commitment Letter," within the meaning of the parties' contract of sale. Plaintiffs properly cancelled the contract, since paragraph 18.3.1.3 authorized them to cancel the contract if a loan commitment letter contained unmet conditions not concerning plaintiffs. Here, the commitment letter was conditional upon two requirements that were within the control of the lender (see Zellner v Tarnell, 65 AD3d 1335 [2009]; Kapur v Stiefel, 264 AD2d 602, 603 [1999]). Concur — Mazzarelli, J.E, Sweeny, Moskowitz, Acosta and Abdus-Salaam, JJ.