Pacamor Bearings, Inc. v. British American Development Corp.

OPINION OF THE COURT

Main, J.

In 1979, the parties entered into an agreement whereby plaintiff agreed to purchase a parcel of property in Albany County from defendant. The agreement included a provision which required title to the property to “revert” to defendant, which would then pay plaintiff $35,000 per acre, “in the event that” plaintiff did not have a facility under construction within two years from closing. Negotiations were conducted as to the *192precise wording of the deed and, at closing on January 8, 1980, plaintiff was apparently dissatisfied with the language designed to effect the…