Legal Opinion

Franklin National Bank v. Skeist

Appellate Division of the Supreme Court of the State of New York

Decided October 23, 1975PublishedCited by 19 opinions

1Opinion of the CourtMurphy, J.

The principal issue presented on this appeal is whether Special Term erred in holding that the guarantee executed by defendant Skeist in favor of plaintiff, particularly certain words of limitation typed thereon, is so ambiguous as to preclude the granting of summary judgment. Subsidiary issues raised hereon relate to certain unfulfilled promises allegedly made by plaintiff bank.

At the request of the president of a company called Epsilon Sigma Pi, Inc. ("Epsilon”), Skeist introduced plaintiff to said officer and plaintiff agreed to open a $30,000 line of credit in favor of Epsilon on…

2Cases cited8 opinions

  1. Mount Vernon Trust Co. v. BergoffNew York Court of Appeals · 1936
  2. Millerton Agway Cooperative, Inc. v. Briarcliff Farms, Inc.New York Court of Appeals · 1966
  3. Gates v. . McKeeNew York Court of Appeals · 1855
  4. Indianapolis Morris Plan Corp. v. KarlenNew York Court of Appeals · 1971
  5. Bay Parkway National Bank v. ShalomNew York Court of Appeals · 1936

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3Cited by19 opinions

  1. Aaron Ferer & Sons Ltd. v. Chase Manhattan Bank, National Ass'nCourt of Appeals for the Second Circuit · 1984
  2. Canterbury Realty & Equipment Corp. v. Poughkeepsie Savings BankAppellate Division of the Supreme Court of the State of New York · 1988
  3. National Bank of North America v. KoryAppellate Division of the Supreme Court of the State of New York · 1978
  4. McGill v. Idaho Bank & Trust Co.Idaho Supreme Court · 1981
  5. American Bank & Trust Co. v. KoplikAppellate Division of the Supreme Court of the State of New York · 1982

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