Legal Opinion

Amherst Factors, Inc. v. Kochenburger

New York Court of Appeals

Decided April 3, 1958PublishedCited by 9 opinions

1Opinion of the CourtBurke, J.

Plaintiff, Amherst Factors, a domestic business corporation not organized under the Banking Law, made a loan to D. 1ST. P. Flooring Corporation evidenced by a series of 12 acceleration promissory notes totaling $5,700, executed by D. H. P. Amherst discounted the notes, retaining $700 and delivering to the maker the net proceeds of the loan, $5,000. The notes had been indorsed in blank by D. N. P.’s president and by appellants’ intestate, Kochenburger, an employee of D. N. P. Simultaneously with his indorsement and for the purpose of inducing the loan to D. N. P., Kochenburger executed a…

2Cases cited8 opinions

  1. Curtis and Others v. . LeavittNew York Court of Appeals · 1857
  2. Pratt v. . ShortNew York Court of Appeals · 1880
  3. Duncomb v. New York, Housatonic & Northern RailroadNew York Court of Appeals · 1881
  4. Williams-Dexter Co. v. Dowland Realty Corp.New York Court of Appeals · 1932
  5. Pratt v. . EatonNew York Court of Appeals · 1880

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3Cited by9 opinions

  1. In Re Cushman Bakery and Cushman Baking Company. Appeal of Jacob Agger, TrusteeCourt of Appeals for the First Circuit · 1976
  2. Deutsche Bank National Trust Co. v. PietranicoNew York Supreme Court · 2011
  3. JP Morgan Chase Bank, National Ass'n v. IlardoNew York Supreme Court · 2012
  4. Bank of East Asia, Ltd. v. SmithAppellate Division of the Supreme Court of the State of New York · 1994
  5. Jacob Straf v. Colonial Factors CorporationCourt of Appeals for the Eighth Circuit · 1960

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