What is the test for determining whether a contract is ambiguous or ambiguous?
MultiRegion, United States of America
The following excerpt is from NES Fin. Corp. v. JPMorgan Chase Bank, N.A., No. 13-7-cv (2nd Cir. 2014):
When we determine on appeal that a contract is ambiguous and that there is insufficient extrinsic evidence of the parties' intended meaning so as to leave no doubt as to which interpretation of the contract a reasonable fact-finder would select, we may "remand for the trial court to consider and weigh extrinsic
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evidence to determine what the parties intended." Collins v. Harrison-Bode, 303 F.3d 429, 433 (2d Cir. 2002).
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