The agreement is clear on its face with respect to defendants' obligations to indemnify plaintiff for the acquired company's tax deficiencies for tax years prior to the closing. As the clauses in question are reasonably susceptible of only one interpretation, the IAS court properly refused to consider extrinsic evidence intended to show that the transaction reference to "Reliance" in section 8.5 (d) of the agreement was to both defendants. (Namad v Salomon Inc.,
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QUANTUM CHEM. CORP. v. RELIANCE GROUP, INC.
180 A.D.2d 548 (1992)
Quantum Chemical Corporation, Respondent-Appellant, v. Reliance Group, Incorporated, et al., Appellants-Respondents
Appellate Division of the Supreme Court of the State of New York, First Department.https://leagle.com/images/logo.png
February 25, 1992
February 25, 1992
Appellate Division of the Supreme Court of the State of New York, First Department.
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