Overseas Credit Corp. v. Cal-Tech Systems, Inc.

Plaintiff, holder of two promissory negotiable notes for $25,000 each, was granted summary judgment against the corporate maker and an individual indorser under rule 113 of the Rules of Civil Practice (now CPLR 3212). Maker appeals urging that there are issues of fact whether plaintiff was a bona fide holder in due course and, particularly, whether the . signatory on behalf of the corporate maker, who is the defendant indorser, was authorized by the corporation to execute the notes. Defendant indorser, Ezrine, appeals urging that there are issues of fact whether plaintiff holder was a bona…