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Belknap v. Dean Witter Co., Inc.

Court of Appeals of the State of New York
Feb 16, 1984
462 N.E.2d 125 (N.Y. 1984)

Opinion

Argued January 12, 1984

Decided February 16, 1984

Appeal from the Appellate Division of the Supreme Court in the First Judicial Department, NATHANIEL T. HELMAN, J.

John Hay McConnell, Stephen A. Agus and Ellen Dowd Vitale for appellants.

Jeffrey G. Steinberg and Christopher S. Rooney for respondents.


MEMORANDUM.

The order of the Appellate Division should be affirmed, with costs.

The April, 1968, corporate resolution of Laird, Bissel Meeds, Inc. (LBM), on which plaintiffs' decedent's right to a pension is grounded, provided that "[i]n case of merger, the firm would attempt to have the pension continued, but could not, of course, guarantee that this would be the case." As a consequence of this limitation, at the moment LBM merged with defendant, LBM's responsibility to provide a pension could not be deemed a "debt, liability, [or] duty" that defendant agreed or was obligation to assume under section 1 (b) (ii) of the merger agreement. Insofar as that agreement was otherwise silent on the issue whether defendant had contracted to provide the pension, it was proper to admit extrinsic evidence that was probative of the parties' intent (see Bethlehem Steel Co. v Turner Constr. Co., 2 N.Y.2d 456, 460).

Chief Judge COOKE and Judges JASEN, JONES, WACHTLER, MEYER and KAYE concur; Judge SIMONS taking no part.

Order affirmed, with costs, in a memorandum.


Summaries of

Belknap v. Dean Witter Co., Inc.

Court of Appeals of the State of New York
Feb 16, 1984
462 N.E.2d 125 (N.Y. 1984)
Case details for

Belknap v. Dean Witter Co., Inc.

Case Details

Full title:ROBERT E. BELKNAP, III, et al., as Coexecutors of WOLFRAM L. ERTINGER…

Court:Court of Appeals of the State of New York

Date published: Feb 16, 1984

Citations

462 N.E.2d 125 (N.Y. 1984)
462 N.E.2d 125
473 N.Y.S.2d 948

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