LOVELACE v. KRAUSS


60 A.D.3d 579 (2009)

876 N.Y.S.2d 377

CAREY LOVELACE, Respondent, v. EUGENE KRAUSS et al., Appellants.

Appellate Division of the Supreme Court of the State of New York, First Department.

Decided March 31, 2009.


The subject of the underlying litigation is the July 24, 2007 contract of sale and rider between the parties wherein plaintiff offered to purchase two units in an East Side cooperative apartment building in Manhattan. Plaintiff placed a down payment of $955,450 with the sellers' law firm, as escrowee.

"It is an elementary rule of contract construction that clauses of a contract should be read together contextually in order to give them meaning" (HSBC Bank USA v...

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