Fairfield Builders, Inc. v. Vattilana

CAREY, Justice:

Plaintiff-appellant, Fairfield Builders, Inc., is a Delaware corporation engaged in the business of land construction and development. The principal officer of Fair-field is Joseph Remedio. 1 Remedio had contracted with defendant-appellee, Joseph Luria, a general contractor doing business as Branmar, Inc., to complete a partially-finished shopping center on land leased from defendant appellees, Mr. and Mrs. Vattilana. 2

The Memorandum of Agreement (hereinafter “agreement”) between Remedio and Branmar was signed on June 25, 1969. The section in dispute, section 5(a), reads as…