Legal Opinion
Strassburger v. Irving Trust Co.
Appellate Division of the Supreme Court of the State of New York
Decided January 24, 1941PublishedCited by 3 opinions
1Opinion of the CourtMartin, P. J.
By the first cause of action it is alleged that the plaintiff gave to the defendant his promissory note for $540,000 due and payable April 23, 1932, secured by a pledge of 4,570 shares of the stock of the Singer Manufacturing Company; that upon, the due date of the note there was due and owing by the plaintiff to defendant the sum of $466,000 secured by the aforesaid stock, which latter, plaintiff alleges, was of a value of at least twice as much as his indebtedness; that the defendant knew or should have known that the stock was closely held and without an active market, and that a large…
2Cases cited6 opinions
- Beatty v. . Guggenheim Exploration Co.New York Court of Appeals · 1919
- Harriss v. TamsNew York Court of Appeals · 1932
- Hudgens v. ChamberlainCalifornia Supreme Court · 1911
- Clark v. Title Guarantee & Trust Co.Appellate Division of the Supreme Court of the State of New York · 1940
- Clark v. Title Guarantee and Trust CompanyNew York Court of Appeals · 1940
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3Cited by3 opinions
- D'ANDREA v. PringleCalifornia Court of Appeal · 1966
- Paine-Erie Hospital Supply, Inc. v. Lincoln First BankNew York Supreme Court · 1975
- Fairbanks Whitney Corp. v. SarlieNew York Supreme Court · 1961