Kadish v. Kallof

STEVENS, Chief Judge.

This matter relates to the question of the consideration given for a promissory note and to the question of the availability of summary judgment after an extensive hearing on an application for a pendente lite injunction. The appellants are the plaintiffs below.

Mr. Kadish and his wife owned in excess of 60% of the outstanding stock of Govway Department Stores, a corporation. Mr. Kadish devoted his full time to the management of the corporate business, he being the president and a director of the corporation. He drew a substantial salary. Mrs. Kadish managed one of the…