Brunswick Hills Racquet Club, Inc. v. Route 18 Shopping Center Associates
Supreme Court of New Jersey
1Opinion of the CourtJustice Albin
In the highly competitive world of\ommercial transactions, sophisticated business entities operate according to the impersonal laws of the marketplace in which self-interest, not altruism, is the dominating principle. We must decide to what extent the covenant of good faith and fair dealing, which is implicit in every contract, governs the arms-length business transactions of such entities.
In this case, a commercial tenant was obliged to exercise an option for a long-term lease by both giving notice and tendering a fixed sum of money to the landlord by a specified date. The tenant timely…
2Cases cited15 opinions
- Sons of Thunder, Inc. v. Borden, Inc.Supreme Court of New Jersey · 1997
- Wilson v. Amerada Hess Corp.Supreme Court of New Jersey · 2001
- Palisades Properties, Inc. v. BrunettiSupreme Court of New Jersey · 1965
- The Original Great American Chocolate Chip Cookie Company, Incorporated v. River Valley Cookies, Limited, Robert M. Sigel, Paula SigelCourt of Appeals for the Seventh Circuit · 1992
- Bak-A-Lum Corp. of America v. Alcoa Building Products, Inc.Supreme Court of New Jersey · 1976
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3Cited by165 opinions
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- DiCarlo v. St. Mary HospitalCourt of Appeals for the Third Circuit · 2008
- Huertas v. Galaxy Asset ManagementCourt of Appeals for the Third Circuit · 2011
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