The IAS court correctly determined that the $40,000 paid by defendant to plaintiff pursuant to the letter agreement was in addition to, not reduction of, the amount due under the judgment. Paragraph 1 of the letter simply provides that defendant "shall pay the sum of $40,000 immediately." Paragraph 2 then provides that defendant "shall pay all sums owing pursuant to the judgment including interest to today's date within 60 days hereof" (emphasis added). Defendant would...
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