City National Bank & Trust Co. v. Gloversville Leather, Inc.

Staley, Jr., J. P.

This is an action ¡to recover damages arising out of the breach of two collateral loan agreements dated July *50921,1972 and August 4,1972 between plaintiff, City National Bank and Trust .Company of iGloversville, the Fulco Leather Corp., and defendant Grloversville Leather, Inc. The two agreements are identical except ¡as to dates, the quantity of .skins, and the s amount of the loans secured. Pursuant to the agreements Fulco was to acquire with the proceeds of1 the loans made by plaintiff, in one agreement $13,500 and the other $17,000, a quantity of pickled sheep skins which…