Hemsley v. Pannick

Kane, J. P.

Cross appeals from a judgment of the Supreme Court (Lee, Jr., J.), entered February 14, 1986 in Chenango County, upon a decision of the court, without a jury, in favor of plaintiff.

In 1977, defendant Robert A. Pannick (hereinafter defendant) decided to form a corporation known as Consert Homes, Inc., that would be in the business of building or manufacturing homes. Needing money to start his business, defendant approached plaintiff, his treating physician, about a loan. Since defendant owned large amounts of land, plaintiff’s accountant suggested that the loan be structured as an…