Legal Opinion
Sternberg v. Citicorp Credit Services, Inc.
Appellate Division of the Supreme Court of the State of New York
Decided August 6, 1979PublishedCited by 7 opinions
1Opinion of the Court
OPINION OF THE COURT
Shapiro, J.
The central issue raised on this appeal is whether article 10 of the Personal Property Law permits defendant Citicorp Credit Services, Inc., a financing agency, to impose a 50-cent minimum monthly finance charge upon its Citibank Master Charge cardholders who made at least one purchase during a "billing cycle” in which there was: (a) no prior balance; or (b) a prior balance that was paid within 25 days of the billing *354date. Special Term answered that question in the negative.1 We agree.
THE FACTS
Citibank, N. A. (Citibank) and its subsidiary Citicorp Credit…
2Cases cited4 opinions
- United States v. Shreveport Grain & Elevator Co.Supreme Court of the United States · 1932
- Strauss v. Long Island Sports, Inc.Appellate Division of the Supreme Court of the State of New York · 1978
- Zachary v. R. H. Macy & Co.New York Court of Appeals · 1972
- Van Kannel Revolving Door Co. v. AstorAppellate Division of the Supreme Court of the State of New York · 1907
3Cited by7 opinions
- Oscar S. Gray v. American Express CompanyCourt of Appeals for the D.C. Circuit · 1984
- Super Glue Corp. v. Avis Rent A Car System, Inc.Appellate Division of the Supreme Court of the State of New York · 1987
- Weinberg v. Hertz Corp.Appellate Division of the Supreme Court of the State of New York · 1986
- In Re BrownUnited States Bankruptcy Court, S.D. New York · 1982
- Feder v. Fortunoff, Inc.New York Supreme Court · 1984
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