Legal Opinion
McGraw-Edison Credit Corp. v. Allstate Insurance
Appellate Division of the Supreme Court of the State of New York
Decided June 26, 1978PublishedCited by 9 opinions
1Opinion of the Court
OPINION OF THE COURT
Titone, J.
The issue before this court is whether, under the circumstances of this case, the secured creditor may recover insurance proceeds directly from the insurer of the debtor’s buyer, to the extent of its security interest. I believe it may not.
On December 1, 1969 the appellant, McGraw-Edison Credit Corporation (hereafter McGraw-Edison or the secured creditor), through its subdivision, American Laundry Machinery *875Industries, sold certain dry-cleaning and laundry equipment to Route 110 Drive-In Cleaners, Inc. (the debtor), valued at $18,000. McGraw-Edison retained a…
2Cases cited3 opinions
- Quigley v. CaronSupreme Judicial Court of Maine · 1968
- First National Bank of Highland v. Merchant's Mutual InsuranceNew York Supreme Court · 1977
- White v. Empire Mutual InsuranceCivil Court of the City of New York · 1969
3Cited by9 opinions
- Bank of India v. Weg & Myers, P. C.Appellate Division of the Supreme Court of the State of New York · 1999
- Tette v. Marine Midland BankAppellate Division of the Supreme Court of the State of New York · 1981
- Rosario-Paolo, Inc. v. C & M Pizza Restaurant, Inc.New York Court of Appeals · 1994
- Counihan v. Allstate InsuranceDistrict Court, E.D. New York · 1993
- Miyata v. Peerless InsuranceAppellate Court of Illinois · 1981
4 more not listed; retrieve them via the Exa API.