Commercial Trading Co. v. 120 Jane Corp.

Order entered July 6, 1966, (1) granting motion of respondent 120 Jane Corp. for summary judgment in each of three consolidated actions and for an order directing discharge of the Us pendens filed in the mortgage foreclosure action and canceling the mortgage, and (2) denying cross motion of appellant Commercial Trading Company, Inc., for summary judgment, unanimously modified, on the law, to the extent of denying respondent’s motion, and, as so modified, affirmed, with $50 costs and disbursements to abide the event. The litigation concerns the validity of a guarantee, and of the mortgage…