Legal Opinion
North American Bank, Ltd. v. Schulman
New York County Courts
Decided March 8, 1984PublishedCited by 14 opinions
1Opinion of the Court
OPINION OF THE COURT
Peter P. Rosato, J.
By way of a loan agreement executed in New York on November 27, 1981, defendant Susie Schulman borrowed $8,500 from plaintiff. Plaintiff is an Israeli bank with a branch in New York State. Defendants are residents of Westchester County. Pursuant to paragraph 5 (a) of said agreement, the interest rate on the loan was to be 6Vi% in excess of the Eurodollar rate, which was, as of the date in question, 12%. Therefore, under this formula, the rate of interest charged was 181/4% per annum.
Defendant has now moved for summary judgment, solely on the narrow…
2Cases cited12 opinions
- Freedman v. Chemical Construction Corp.New York Court of Appeals · 1977
- A. S. Rampell, Inc. v. Hyster Co.New York Court of Appeals · 1957
- Gambar Enterprises, Inc. v. Kelly Services, Inc.Appellate Division of the Supreme Court of the State of New York · 1979
- Barone v. FrieAppellate Division of the Supreme Court of the State of New York · 1984
- Southern International Sales Co. v. Potter & Brumfield Division of AMF Inc.District Court, S.D. New York · 1976
7 more not listed; retrieve them via the Exa API.
3Cited by14 opinions
- United States v. MoseleyCourt of Appeals for the Second Circuit · 2020
- Madden v. Midland Funding, LLCDistrict Court, S.D. New York · 2017
- Madden v. Midland Funding, LLCCourt of Appeals for the Second Circuit · 2015
- McCorhill Publishing, Inc. Ex Rel. Barr v. Greater New York Savings Bank (In Re McCorhill Publishing, Inc.)United States Bankruptcy Court, S.D. New York · 1988
- Greenwood Trust Co. v. Com. of Mass.District Court, D. Massachusetts · 1991
9 more not listed; retrieve them via the Exa API.