Eisner v. Goldstein

127 A.D.2d 537, 512 N.Y.S.2d 79, 1987 N.Y. App. Div. LEXIS 43008

This text of 127 A.D.2d 537 (Eisner v. Goldstein) is published on Counsel Stack Legal Research, covering Appellate Division of the Supreme Court of the State of New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Eisner v. Goldstein, 127 A.D.2d 537, 512 N.Y.S.2d 79, 1987 N.Y. App. Div. LEXIS 43008 (N.Y. Ct. App. 1987).

Opinion

Resettled judgment, Supreme Court, New York County (Louis Grossman, J., after a nonjury trial), entered March 11, 1986, and final judgment entered on November 21, 1985 pursuant to order entered on the same date, which awarded plaintiff Norman Eisner the sum of $200,000 plus interest and costs against defendant Arthur D. Goldstein, are reversed, on the law, without costs, and the complaint is dismissed. Plaintiff’s cross appeal from the resettled judgment is deemed an appeal from the decision dated and filed August 16, 1985 insofar as it directed dismissal of his first five causes of action, and, so considered, is dismissed, without costs.

Eisner and Goldstein were longtime neighbors, both residing in Kings Point, Long Island. Although a member of the New York Bar specializing in real estate matters, at the time period pertinent here Goldstein had become engaged on a virtually full-time basis in the business of importing gems from the Soviet Union. On a trip to Moscow in 1980, Goldstein met defendant Gianluigi Cerasi, a resident of Milan, Italy, who was also engaged in the Russian gem business. Because his father was a prominent leader of the Italian Communist Party, Cerasi had access to a number of superior gem sources in Russia closed to Goldstein. In February 1981, Cerasi informed Goldstein that a large quantity of Ural Alexandrite was available for purchase in the Soviet Union for the first time since 1914 at a price of $200,000. Later that month Eisner was introduced to Cerasi in Goldstein’s home at a [538]*538social gathering. Thereafter Goldstein interested Eisner in investing $200,000 for the proposed purchase of the bulk Alexandrite in return for a two-thirds interest in any profits which might be realized from marketing the stones. In a subsequent meeting in March 1981, attended by David Zaretsky, Eisner’s business advisor who was also a lawyer, Gold-stein stated that Cerasi had inspected the Alexandrite which was then in rough form imbedded in a solid matrix requiring cutting and polishing. Goldstein added that Cerasi had estimated the lot to contain 60,000 carats of Ural Alexandrite of which approximately one third would yield gems of marketable quality. In accordance with Zaretsky’s advice, since only Cerasi had inspected the material and Cerasi was known only to Goldstein, Eisner demanded that Goldstein furnish a guarantee vouching for Cerasi’s honesty. In late March 1981, Goldstein provided Eisner with an unsigned two-page typewritten "memorandum of understanding” which among other things contained a fourth paragraph which reads as follows: "Gianluigi Cerasi has inspected each of the pieces in this parcel and he computes that approximately one-third of them are of high quality, that is clear and clean.”

The trial court properly found that this memorandum was not a contract but simply "nothing more than a record of what had taken place between the parties up to the time of its writing” and therefore lacked any contractual force. When Goldstein delivered this unsigned document, Eisner objected that there was no guarantee of Cerasi’s honesty as he had demanded. Thereupon Goldstein prepared and delivered to Eisner a handwritten paper on the letterhead of Goldstein’s importing company reading in its entirety as follows:

"To Whom It May Concern,
"I Arthur Goldstein hereby guarantee the honesty and trustworthiness of Gianluigi Cerasi. He would not misrepresent the existence of the Alexandrite or be involved in any SCAM type thing to walk off with the money or the stones or other dishonest or larcenous acts. I will assume the responsibility if this is not true.
"Arthur”.

From March 30 through April 6, 1981, Eisner remitted his $200,000 to Cerasi by telex to Switzerland and Moscow. In early May, Cerasi accompanied the shipment of the Alexandrite roughs by air to the United States where he met Eisner, Zaretsky, Goldstein and a gem cutter, one Morris Winkler, and Eisner examined the stones for the first time at Gold-[539]*539stein’s home. Eventually, about 30 finished stones were recovered from the rough material, but Goldstein’s best marketing efforts resulted in a sale of only two for $2,400. Eisner never received back any portion of his $200,000 investment, and this lawsuit followed.

We do not differ with the conclusion of the trial court that the guarantee instrument, despite its inartful draftsmanship, is an enforceable agreement to be construed to effectuate its apparent purpose (Community Natl. Bank & Trust Co. v Cognetta, 88 AD2d 897), and, since it was prepared by the guarantor, any ambiguity is to be construed against him (La Mar Hosiery Mills v Credit & Commodity Corp., 28 Misc 2d 764). Nor do we find any absence of consideration, since it was within the province of the Trial Judge to credit Eisner’s testimony that he obtained the guarantee before dispatching his last installment payment to Cerasi. What is entirely missing from the record, however, is any proof that Cerasi was "involved in any scam type thing * * * or other dishonest or larcenous acts.” No one contends that he misrepresented "the existence of the Alexandrite” or that he "walk[ed] off” with either the money or the stones. The only finding in the decision of the trial court addressed to the issue of Cerasi’s honesty was the following: "It clearly appears from the testimony adduced at trial that the stones delivered were indeed Alexandrite, but that the quality of the stones were [sic] greatly misrepresented. These facts cast doubt on the 'honesty and trustworthiness’ of Cerasi. The fact that Cerasi was served in this case, yet failed to appear or submit to an examination, strengthens this Court’s determination that Cerasi was involved in some type of dishonest act or scam.”

The conclusion of Trial Term that Cerasi was dishonest within the meaning of the guarantee thus rests on two distinct propositions: (1) that the quality of the stones was misrepresented, and (2) that Cerasi’s alleged defaults in the litigation itself were indicative of dishonesty. Neither claim withstands analysis. First, even if Cerasi’s statement went beyond mere opinion to the level of a representation that one third of the stones was of high quality (i.e., clear and clean), and that representation was false, there is no showing whatever to negate either honest mistake, or at worst negligence on Cerasi’s part. Fraudulent or larcenous intent cannot be presumed simply from the fact that this undertaking proved to be folly. It is significant to note that when Cerasi arrived in the United States with the gems and participated in their immediate inspection, Eisner himself testified that Goldstein, [540]*540and the gem cutter, Winkler, were extremely enthusiastic about the quality of the stones and optimistic about their potential gemstone yield. This spontaneous reaction from a disinterested expert does much to exonerate Cerasi. Plaintiffs own experts on the trial conceded that prior to the cutting of a raw stone its quality and value cannot be ascertained with any certainty. Cerasi may have been naive, overenthusiastic, or indeed careless in furnishing his "clear and clean” description of the raw material, but that is a far cry from larceny or dishonesty. As the Trial Judge himself observed, it would be "a wild presumption” to assume that Cerasi "got anything out of’ this transaction for himself. And, as plaintiffs counsel conceded at trial, the guarantee does not make the slightest reference to quality. Its tenor is simply that of a fidelity bond.

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Bluebook (online)
127 A.D.2d 537, 512 N.Y.S.2d 79, 1987 N.Y. App. Div. LEXIS 43008, Counsel Stack Legal Research, https://law.counselstack.com/opinion/eisner-v-goldstein-nyappdiv-1987.