In re Arbitration between Kutsukian & Bossom

Section 1462-a of the Civil Practice Act (art. 84, Arbitration) provides, so far as relevant, that the court “ must make an .order modifying or correcting the award, upon the application of any party to the controversy which was arbitrated:

“ 1. Where there was an evident miscalculation of figures • * #. The order may modify and correct the award so as to effect the intent thereof and promote justice .between the parties.”

On this record it is indisputable, that there was a miscalculation of figures. The arbitrators intended to credit the buyers (respondents herein) with the value of the unsold…