Gaia House Mezz LLC v. State Street Bank & Trust Co.

How courts have described this case

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

• holding that the defendant did not breach the implied covenant of good faith and fair dealing because, among other things, it “acted consistently with the contract”
• applying New York law, citing Nassau Trust Co. v. Montrose Concrete Prods. Corp., 436 N.E.2d 1265, 1269 (N.Y. 1982)
• “The covenant cannot be used . . . to imply an obligation inconsistent with other terms of a contractual relationship.”
• “silence does not give rise to a claim of equitable estoppel when the party has no duty to speak.”
• same under New York law, citing Nassau Tr. Co. v. Montrose Concrete Prods. Corp., 436 N.E.2d 1265, 1269 (N.Y. 1982)
• [A] party’s silence does not give rise to a claim of equitable estoppel when the party has no duty to speak.”

Source: CourtListener parenthetical corpus (CC0).