Long Island Trust Co. v. International Institute for Packaging Education, Ltd.

38 N.Y.2d 493 (1976)

Long Island Trust Company, Respondent,

v.

International Institute for Packaging Education, Ltd., et al., Defendants, and Marty Rochman et al., Appellants.

Court of Appeals of the State of New York.

Argued October 17, 1975.

Decided January 8, 1976.

Earle K. Moore and William M. Guttman for appellants.

C. Gayden Wren for respondent.

Judges GABRIELLI, WACHTLER and COOKE concur with Judge JASEN; Chief Judge BREITEL dissents and votes to affirm in a separate opinion in which Judges JONES and FUCHSBERG concur.

JASEN, J.

In this action on a promissory note, the question presented for our…