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CARIBBEAN ASSOCS. LTD. P'SHIP v. FRENKEL & CO.

240 A.D.2d 344 (1997)

659 N.Y.S.2d 757

Caribbean Associates Limited Partnership, Individually and as Assignee of Virgin Isle Hotel Limited Partnership and Another, Respondent, v. Frenkel & Company, Appellant, et al., Defendant

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

June 26, 1997

The parties' intention with respect to whether or not the release plaintiff gave defendant broker was to cover any inadequacy of insurance coverage claims that might be assigned to plaintiff in the future is not clear on this record (Stanfill Plumbing & Heating Corp. v Dravo Constructors, 191 A.D.2d 187). The release, which explicitly covers only plaintiff's claims and promises "best efforts" to obtain similar releases from the...

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