Hakko v. Silverberg

Judgment, Supreme Court, New York County (Beverly Cohen, J.), entered October 22, 1990, denying defendants’ motion to dismiss the complaint pursuant to CPLR 3211 (a) (7), unanimously affirmed, with costs.

Plaintiff alleges that his assignor entered into an agreement with defendants to lend them $50,000, repayable in six months with interest, to finance the import of clothing from Italy. Plaintiff alleges that the loan negotiations, which did not occur in New York, resulted in an agreed interest rate of 30% (60% annualized), and that defendants provided a blank signed check to plaintiff’s…