Legal Opinion
Cafferty v. Thompson
Appellate Division of the Supreme Court of the State of New York
Decided June 20, 1996PublishedCited by 22 opinions
1Opinion of the Court
OPINION OF THE COURT
Mikoll, J.
Plaintiff, a developer in the Binghamton area of Broome County, defaulted on a two-year $1.2 million bank loan secured by a mortgage and repayable by November 1, 1988. The bank called the loan in May 1989 and commenced a mortgage foreclosure action in March 1990. Plaintiff was represented in this and other transactions by defendants.
In defending the foreclosure action, plaintiff claimed that the bank had orally committed to loan him substantially more money as the development project progressed and that the bank’s failure to do so made completion of the project…
2Cases cited4 opinions
- Winegrad v. New York University Medical CenterNew York Court of Appeals · 1985
- Dynamics Corp. of America v. Marine Midland Bank-New YorkNew York Court of Appeals · 1987
- Environmental Concern, Inc. v. Larchwood Construction Corp.Appellate Division of the Supreme Court of the State of New York · 1984
- Marine Midland Bank, N.A. v. CaffertyAppellate Division of the Supreme Court of the State of New York · 1991
3Cited by22 opinions
- Winmark Ltd. Partnership v. Miles & StockbridgeCourt of Appeals of Maryland · 1997
- Koch v. National Basketball Ass'nAppellate Division of the Supreme Court of the State of New York · 1997
- Hansen v. MadaniAppellate Division of the Supreme Court of the State of New York · 1999
- Whelan v. LongoAppellate Division of the Supreme Court of the State of New York · 2005
- Robison v. SweeneyAppellate Division of the Supreme Court of the State of New York · 2003
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