1. Home
  2. Browse Decisions
  3. A.D.2d
  4. 242 A.D.2d
  5. 242 A.D.2d 211 (1997)
 

NEW YORK CITY ECON. DEV. CORP. v. NEW YORK SUR. CO.

242 A.D.2d 211 (1997)

660 N.Y.S.2d 437

New York City Economic Development Corporation, Respondent, v. New York Surety Company, Appellant

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

August 7, 1997

The bid bond in question was not a straightforward forfeiture bond, but rather required an additional act in order to trigger payment, viz., the sustaining of damages upon the award of the contract to another party. This was not "an unconditional promise to pay a sum certain" (Weissman v Sinorm Deli, 88 N.Y.2d 437, 444); something more than simple proof of nonpayment was required. Since such a conditional obligation cannot be considered...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases