Case Name: Ira Nachem, Respondent, v. Property Markets Group, Inc., et al., Appellants
Court: New York Supreme Court, Appellate Division
Jurisdiction: New York
Decision Date: 2011-03-22
Citations: 82 A.D.3d 573
Docket Number: 
Parties: Ira Nachem, Respondent, v Property Markets Group, Inc., et al., Appellants.
Judges: 
Reporter: Appellate Division Reports
Volume: 82
Pages: 573–574

Head Matter:
Ira Nachem, Respondent, v Property Markets Group, Inc., et al., Appellants.
[918 NYS2d 490]

Opinion:
The terms of the agreement are unambiguous. Thus, resort to extrinsic evidence is inadmissible to vary the writing (see W.W.W. Assoc. v Giancontieri, 77 NY2d 157, 162 [1990]). The fact that the "Purchase Contract" had not yet been drafted does not alter our determination, since the agreement contemplates the execution of a "Purchase Contract" at some future date. We reject defendants' contention that "Purchase Contract" means anything other than that accorded to the term in ordinary usage; or that "Purchase Contract" is a distinct term of art rendering the document ambiguous. As the past consideration is "expressed in the writing" and was "proved to have been given or performed," the contractual obligation is valid (General Obligations Law § 5-1105).
We have considered defendants' remaining arguments and find them unavailing. Concur — Mazzarelli, J.P., Andrias, Catterson, Moskowitz and Román, JJ.