Court Opinion

ID: 5830667
Source: CourtListenerOpinion
Date Created: 2022-01-12 22:17:37.340218+00
Date Added: 2024-06-11T08:43:26.809210
License: Public Domain

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.