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MOHRING ENTERPRISES, INC. v. HSBC BANK USA

291 A.D.2d 385 (2002)

736 N.Y.S.2d 888

MOHRING ENTERPRISES, INC., Appellant, v. HSBC BANK USA, Respondent.

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

Decided February 4, 2002.

Ordered that the order is affirmed, with costs.

The plaintiff and defendant entered into a five-year mortgage loan agreement with an option to allow the plaintiff to extend the loan for an additional five years. The agreement explicitly set forth the terms and conditions by which the plaintiff could exercise the option. The plaintiff contends that it properly exercised the option to extend the mortgage loan, and that the defendant breached this agreement when it demanded...

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