In this special proceeding commenced pursuant to CPLR 7601, the court correctly determined that the parties' lease did not require that the determination of the two party-appointed appraisers and the third "independent disinterested" appraiser be unanimous. The appraisers' determination of the value of the land was final and binding, regardless of whether one of the party-appointed appraisers signed the determination under dissent. A contrary reading of the lease would produce...
Let's get started

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.
- Updated daily.
- Uncompromising quality.
- Complete, Accurate, Current.