Bailey v. Timpone

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• allowing arbitrators, who were given authority to compute fair rental value of premises, to clarify term “gross income” as used in arbitration provision of lease
• deferring to an umpire’s assessment of fair cash value under an identical appraisal procedure
• “[W]hen a contract provides for a determination of amount by appraisers, substantial deference is given to that appraisal.”
• “When, as here, the parties agree to have value affixed by an appraisal, they must abide by their own agreement.”
• valuations under appraisal or arbitration would not be overturned \absent fraud or mistake\
• “[T]he trial court properly deferred to the meaning attached to the term ‘Gross Income’ by a majority of the arbitrators and properly entered an order in accordance with the arbitrators’ understanding of the term.”

Source: CourtListener parenthetical corpus (CC0).