First New York Bank for Business v. Alexander

OPINION OF THE COURT

Román, J.

On April 25, 1990, upon defendant’s default, judgment in this action, in the amount of $314,735.19, plus interest, was entered in plaintiff’s favor. On June 13, 1994, plaintiff assigned the judgment to the Cadle Company (Cadle). Pursuant to the assignment, Cadle was appointed “as the true and lawful attorney in fact for the Assignor [plaintiff], irrevocably, with power of substitution and revocation, to ask, demand and receive, and to issue executions, and take all necessary steps for the recovery of the money due or to become due on said judgment.”

On October 15,…