Camala Co. v. Inland Credit Corp.

Order, Supreme Court, New York County (Edward J. Greenfield, J.), entered April 5, 1989, which granted defendants’ motion for summary judgment dismissing the complaint and denied plaintiffs cross motion for summary judgment or, alternatively, to compel the deposition of defendant Stern, unanimously affirmed for the reasons stated by Justice Greenfield, with costs.

We add only that assuming, arguendo, the parties’ 1978 participation agreement was ambiguous with respect to the payment of interest as opposed to reduction of principal, such ambiguity by itself was inadequate to defeat summary…