Gecht v. Suson

This is an appeal from a summary judgment for plaintiffs entered in a confession of judgment proceeding. The pleadings, exhibits, affidavits and discovery depositions disclose the following facts.

Morris Suson, hereinafter referred to as defendant, 1 had an option to purchase certain real estate from Irving Dexter and Armin Miller for $2,025,000. Defendant paid $175,000 and a balance of $1,850,000 was due on June 1, 1967. Defendant allegedly spent large sums in having the property rezoned and in an attempt to obtain the amount due on June 1, defendant sought financing from Amalgamated Trust…