Morgan Guaranty Trust Co. v. Solow — 68 N.Y.2d 779

Majority

p. 779

Morgan Guaranty Trust Company of New York, Respondent, v Sheldon H. Solow, Doing Business as Solow Building Company, Appellant.

Decided September 4, 1986

p. 781

APPEARANCES OF COUNSEL

Robert J. McDonald, John L. Warden, Joel M. Miller and Charles R. Jacob, III, for appellant.

Robert F. Wise, Jr., for respondent.

OPINION OF THE COURT

Memorandum.

The order of the Appellate Division insofar as appealed from should be affirmed, with costs.

The arbitration award was properly confirmed inasmuch as the award was not irrational and did not violate any limitations on arbitral authority expressly contained in the lease (see, Matter of Silverman [Benmor Coats], 61 NY2d 299 ; cf. Avon Prods. v Solow, 54 NY2d 637 ). Additionally, we agree with the Appellate Division that the award rendered November 30, 1984 was final and definite, and, therefore, did not violate any

p. 782

time limitations agreed upon by the parties (see, Matter of States Mar. Lines [Crooks], 13 NY2d 206 ).

Chief Judge Wachtler and Judges Meyer, Simons, Kaye, Alexander, Titone and Hancock, Jr., JJ., concur.

On review of submissions pursuant to section 500.4 of the Rules of the Court of Appeals (22 NYCRR 500.4), order, insofar as appealed from, affirmed, with costs, in a memorandum.

Cases cited

Norris v. Cooper 61 NY2d 299 N.Y. 1984-02-28 p. 781
Avon Products, Inc. v. Solow 54 NY2d 637 N.Y. 1981-06-18 p. 781
In re the Arbitration between States Marine Lines, Inc. & Crooks 13 NY2d 206 N.Y. 1963-11-27 p. 782