Lazer, N.V. v. Hollo

NESBITT, Judge.

The final summary judgment in favor of the defendants to this contract action is affirmed upon a holding that in light of the undisputed facts and the terms of the parties’ agreement the contingency to a payment of $250,000 to the plaintiff did not transpire.

The plaintiff, Lazer, N.V., sold the defendants a shopping center for $1,250,000. As is pertinent to this appeal, their purchase and sale agreement recited:

3. It is further understood and agreed that in the event the Company shall sell, transfer, or convey its fee simply [sic] title to the property commonly known as Royal…