Legal Opinion

R/S Associates v. New York Job Development Authority

New York Court of Appeals

Decided April 30, 2002PublishedCited by 128 opinions

1Opinion of the Court

OPINION OF THE COURT

Wesley, J.

At issue here is the interpretation of the term “effective cost of funds” in a loan agreement between R/S Associates and the New York Job Development Authority. Because the term is not ambiguous as used in this agreement, we affirm.

The New York Job Development Authority (JDA) is a public benefit corporation created by constitutional amendment in 1961 (L 1961, ch 443, § 2). Its purpose is to “assist, promote, encourage, develop and advance the general prosperity and economic welfare of the people of the state and improve their standard of living” (Public…

2Cases cited6 opinions

  1. W.W.W. Associates, Inc. v. GiancontieriNew York Court of Appeals · 1990
  2. Breed v. Insurance Co. of North AmericaNew York Court of Appeals · 1978
  3. Intercontinental Planning, Ltd. v. Daystrom Inc.New York Court of Appeals · 1969
  4. Reiss v. Financial Performance Corp.New York Court of Appeals · 2001
  5. Wallace v. 600 Partners Co.New York Court of Appeals · 1995

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3Cited by128 opinions

  1. Greenfield v. Philles Records, Inc.New York Court of Appeals · 2002
  2. Welsbach Elec v. Mastec N. AmNew York Court of Appeals · 2006
  3. Universal Instruments Corp. v. Micro Sys. Eng'g, Inc.Court of Appeals for the Second Circuit · 2019
  4. 150 Broadway N.Y. Associates, L.P. v. BodnerAppellate Division of the Supreme Court of the State of New York · 2004
  5. Excel Graphics Technologies, Inc. v. CFG/AGSCB 75 Ninth AvenueAppellate Division of the Supreme Court of the State of New York · 2003

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