Summary judgment should have been granted to defendant, the independent third real estate appraiser appointed by the parties to the lease to settle their dispute over valuation of the subject property. "[A]ppraisal is not an exact science and * * * the determination of an appraiser is to be upheld as long as the appraiser proceeds in good faith and without bias or fraud" (Olympia & York 2 Broadway Co. v Produce Exch. Realty Trust,
Let's get started
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.