Court Opinion

ID: 5980523
Source: CourtListenerOpinion
Date Created: 2022-01-13 08:15:17.536981+00
Date Added: 2024-06-11T08:49:04.744460
License: Public Domain

Judgment, Supreme Court, New York County (Carol Huff, J.), entered July 28, 1993, which granted defendant’s cross motion for summary judgment and dismissed plaintiffs’ complaint, unanimously affirmed. Appeal from order of the same court and Justice, entered July 2, 1993, unanimously dismissed as subsumed in the appeal from the judgment, without costs.
The IAS Court correctly held that defendant could not be held liable as an escrow agent, it being undisputed that the purported agreement between plaintiff Carole Shapiro and defendant’s client, Tolk, was never communicated to defendant before it disbursed the money given to it by Tolk, and to Tolk by plaintiffs, in accordance with Tolk’s instructions (see, 55 NY Jur 2d, Escrows, § 19). That the check plaintiffs gave Tolk was made payable to defendant’s escrow account did not transform defendant into an escrow agent with a fiduciary duty to inquire of plaintiffs as to any conditions attached to the payment of the check (see, Farago v Burke, 262 NY 229, 233). Concur—Wallach, J. P., Asch, Rubin and Williams, JJ.