Manufacturers Hanover Trust Co. v. Goldstein

On June 19, 1961, 11 Union Pharmacy, Inc., hereinafter called the conditional buyer, purchased an'air conditioner from Billen Engineering and Sales Corp. The purchase was pursuant to a retail installment contract which was signed on behalf of the conditional buyer, by Baumritter, its president, and Schneider, its secretary. At the same time, the conditional *407buyer delivered its promissory note to the conditional vendor. Both Baumritter and Schneider signed the note individually as comakers. The installment contract, and note, were negotiated to plaintiff which, while paying value therefor, had…