MEMORANDUM & ORDER Plaintiff Edith Cooper brings this action against Defendant Ada S. Cooper for alleged breach of a loan agreement between the two parties (the “Agreement”). (See Compl. (Dkt. 1).) Defendant now moves to dismiss Plaintiff’s Complaint pursuant to Fed. R. Civ. P.12(b)(6) for failure to state a claim. (Mot. to Dismiss (Dkt. 17).) For the following reasons, Defendant’s motion is GRANTED. I. BACKGROUND The following factual summary is drawn from the facts alleged in the complaint, which the court generally accepts as true. See N.Y. Pet Welfare Ass’n v. City of New York, 850 F.3d 79, 86 (2d Cir. 2017).1 Plaintiff and Defendant are sisters. (Compl. 11.) Prior to October 2014, Plaintiff loaned money to Defendant on several occasions, in various amounts; by October 15, 2014 Plaintiff had loaned Defendant $414,300, none of which Defendant had repaid. (Id.
12-13.) After the money was loaned, Defendant agreed to sign a writing memorializing the loans Plaintiff made to Defendant and her obligation to repay those loans. (Id. 14.) On January 4, 2015, Plaintiff’s husband emailed a draft loan agreement to Defendant on behalf of Plaintiff. (Id. 15.) Defendant obtained legal advice and spoke with an accountant on the contents of the draft agreement. (Id. 16.) Shortly thereafter, on January 19, 2015, Defendant sent Plaintiff and her husband a revised agreement. (Id. 17.) On or about May 1, 2015, Plaintiff and Defendant executed the Agreement, dated as of January 19, 2015. (Id. 18; see also Agreement (Dkt. 1-3).) The opening recital of the Agreement provides: “IN CONSIDERATION OF Lender loaning certain monies to Borrower, and Borrower repaying those monies to Lender, both parties agree to keep, perform, and fulfill the following promises and conditions.” (Agreement at 1) The first paragraph of the Agreement states: “Lender promises to loan the principal amount (‘the loan’) of four hundred fourteen thousand, three hundred dollars ($414,300) to Borrower, and Borrower promises to repay this principal amount and all accrued interest.” (Id. 1) Per the Agreement, Defendant agreed to pay interest on the Loan at the rate of 0.38 percent per year. (Id.) The Loan provided for annual interest-only payments to be made on January 19 of 2016 and 2017, with a maturity date of January 19, 2018. (Id.
