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Dwelling Quest Corp. v. Greater New York Savings Bank

Appellate Division of the Supreme Court of New York, First Department
Jan 20, 1998
246 A.D.2d 431 (N.Y. App. Div. 1998)

Opinion

January 20, 1998

Appeal from the Supreme Court, New York County (Beatrice Shainswit, J.).


While the writing prepared by plaintiff stating that its commission "shall only be due if [its prospect] completes and closes the transaction" was not signed by either party, and therefore does not constitute the parties' agreement, it certainly constitutes evidence of their agreement. We deem it conclusive in the absence of a credible explanation by plaintiff why it sent defendants a writing that did not reflect the agreement in direct response to defendants' request that plaintiff furnish a writing of the agreement. Since there was no closing, and in the absence of a credible explanation by plaintiff why the all cash offer defendants ultimately accepted was not more advantageous than the purchaser money mortgage offer by plaintiff, no commission was earned ( see, Corcoran Group v. Morris, 107 A.D.2d 622). Further, the IAS Court properly concluded that, even if it were assumed that defendants accepted plaintiff's prospect's terms, plaintiff failed to raise an issue of fact as to whether the prospect had the money required to be paid at the closing, scheduled only eight business days after plaintiff's submission of the proposed contract ( see, Taibi v. American Banknote Co., 135 A.D.2d 810, lv denied 72 N.Y.2d 803).

Concur — Sullivan J.P., Ellerin, Nardelli, Rubin and Tom, JJ.


Summaries of

Dwelling Quest Corp. v. Greater New York Savings Bank

Appellate Division of the Supreme Court of New York, First Department
Jan 20, 1998
246 A.D.2d 431 (N.Y. App. Div. 1998)
Case details for

Dwelling Quest Corp. v. Greater New York Savings Bank

Case Details

Full title:DWELLING QUEST CORP., Appellant, v. GREATER NEW YORK SAVINGS BANK et al.…

Court:Appellate Division of the Supreme Court of New York, First Department

Date published: Jan 20, 1998

Citations

246 A.D.2d 431 (N.Y. App. Div. 1998)
668 N.Y.S.2d 33

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