In re the Mortgage Commission
Appellate Division of the Supreme Court of the State of New York
1Opinion of the Court
Order directing appellant to pay the sum of $1,915.53, to apply toward payment and reduction of any past due installments of principal of a mortgage, modified by striking therefrom the sum of $1,915.53, wherever said sum appears in the ordering paragraphs, and by substituting therefor the sum of $449.13, and as so modified affirmed, without costs. The owner should have the benefit of either a cash or an accrual method as his basis in determining carrying charges, so long as there is no inconsistency in his position thereafter. The accrual method is the fairer basis of computing such charges.…
2Cited by4 opinions
- Schulman v. SilverAppellate Division of the Supreme Court of the State of New York · 1939
- Central Hanover Bank & Trust Co. v. 42 Broadway Realty Corp.New York Supreme Court · 1939
- In re City Bank Farmers Trust Co.New York Supreme Court · 1944
- Mortgage Corp. v. Penzance Holding Co.Appellate Division of the Supreme Court of the State of New York · 1940