Smallwood v. Overseas Storage Co.
Appellate Division of the Supreme Court of the State of New York
1Opinion of the CourtCarswell, J.
In 1930 the law firm of McCarthy & Brown was the legal adviser of plaintiffs’ mother, the guardian of their property. Certain mortgage certificates of plaintiffs were sold that year and $35,000 assembled. This sum was invested, through the law firm, on July 10, 1930, in two co-ordinate first mortgages of $17,500, due July 1, 1933; one for each of plaintiffs’ estates, respectively. They were secured by a storage warehouse property in Staten Island owned by the defendant Overseas Storage Company, Inc., hereinafter called “ Overseas.” The law firm received $3,500 net from “ Overseas ” for…
2Cases cited2 opinions
- Pennsylvania Steel Co. v. Title Guarantee & Trust Co.New York Court of Appeals · 1908
- Eisemann v. . HazardNew York Court of Appeals · 1916
3Cited by5 opinions
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- Automatic Bedding Corp. v. OrtnerAppellate Division of the Supreme Court of the State of New York · 1966
- Smallwood v. Overseas Storage Co.New York Supreme Court · 1943