Home/New York Court of Appeals/Indovision Enterprizes, Inc. v. Cardinal Export Corp.

Indovision Enterprizes, Inc. v. Cardinal Export Corp.

331 N.E.2d 679, 36 N.Y.2d 811, 370 N.Y.S.2d 897, 1975 N.Y. LEXIS 1936
New York Court of Appeals·Decided April 30, 1975·Published·Cited by 5 cases

Opinions

Memorandum. Order affirmed with costs to abide the event on the opinion of Mr. Justice Aron Steuer at the Appellate Division, with the added comment that the provision in question is not a "commercial absurdity”. On one interpretation it could serve the useful purpose of terminating the entire agreement if for whatever reason the buyer failed to supply a letter of credit. This could make commercial sense, for example, if the "seller” had no scarcity of buyers. The division in the Appellate Division and in this court dramatically highlights Mr. Justice Steuer’s view that "the least that could be said is that the proper interpretation is one on which reasonable minds would differ”.

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Indovision Enterprizes, Inc. v. Cardinal Export Corp., 331 N.E.2d 679, 36 N.Y.2d 811, 370 N.Y.S.2d 897, 1975 N.Y. LEXIS 1936 (N.Y. 1975).

331 N.E.2d 679 (Indovision Enterprizes, Inc. v. Cardinal Export Corp.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

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Indovision Enterprizes, Inc. v. Cardinal Export Corp.
331 N.E.2d 679 (New York Court of Appeals, 1975)