The Appellate Division unanimously affirmed, with costs, the Order which granted defendant's motion for summary judgment dismissing the complaint, finding that the motion court correctly enforced the contract in accordance with its plain terms. Plaintiff's contention that it is entitled to an additional, extra-contractual credit of $120,000, which it claims was paid to defendant two years before the contract was entered into, is insufficient to create an ambiguity, as such a fundamental condition would not have been omitted. In addition, the consideration of plaintiff's extrinsic evidence is contrary to the parol evidence rule. Plaintiff's contention that it was entitled to an adjournment of the closing date because there was no time of the essence language in the contract is unavailing. As the contract had a specific termination provision, a time of the essence provision was unnecessary. Plaintiff's argument that defendant anticipatorily breached the contract is also unavailing. Defendant's counsel prepared all of the documents required to close at the appointed time and place, and it was plaintiff that committed the breach by failing to appear with the required funds.
USA Recycling Inc. v. Baldwin Endico Realty Assoc., Inc., NY Slip O[ 01222 (1st Dep't February 25, 2021)