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PACAMOR v. BRITISH DEV.

108 A.D.2d 191 (1985)

Pacamor Bearings, Inc., Appellant, v. British American Development Corporation, Respondent

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

May 9, 1985

Attorney(s) appearing for the Case

Tate, Bishko & Regal (David A. Tate of Tate, Tate & Hallow, of counsel), for appellant.

Tobin & Dempf (Kevin A. Luibrand of counsel), for respondent.

MAHONEY, P. J., CASEY, WEISS and YESAWICH, JR., JJ., concur.

MAIN, J.

In 1979, the parties entered into an agreement whereby plaintiff agreed to purchase a parcel of property in Albany County from defendant. The agreement included a provision which required title to the property to "revert" to defendant, which would then pay plaintiff $35,000 per acre, "in the event that" plaintiff did not have a facility under construction within two years from closing. Negotiations were conducted as to the

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