Legal Opinion
Brooklyn National Bank v. Reinitz
Appellate Division of the Supreme Court of the State of New York
Decided May 15, 1936Published
1Opinion of the Court
The plaintiff sued on three contracts with individual members of the Capitol Club of Flatbush Holding Co., Inc., whereby the plaintiff undertook to make loans to the club to be represented by several notes of $2,500 each, signed by the club and each indorsed by one of the club members, with all the signers of the contracts liable for the full amount under certain conditions. These notes were to be held and discounted by the bank as representing the loans. Instead of following the plan outlined by the agreements, the bank subsequently took three large notes in collateral form and treated the…
2Cases cited5 opinions
- Bank of Italy v. Merchants National BankNew York Court of Appeals · 1923
- Guardian Trust Co. v. PeabodyAppellate Division of the Supreme Court of the State of New York · 1907
- Guardian Trust Company of New York v. . PeabodyNew York Court of Appeals · 1909
- Peoples Bank of Hamburg v. C. L. Gates, Inc.Appellate Division of the Supreme Court of the State of New York · 1931
- Peoples Bank of Hamburg v. Gates, Inc.New York Court of Appeals · 1932