Mallouk v. American Exchange National Bank
Appellate Division of the Supreme Court of the State of New York
Appeal by the defendant, The American Exchange National Bank, from a judgment of the Supreme Court in favor of the plaintiff, entered in the office of the clerk of the county of New York on the 5th day of July, 1912, upon the decision of the court after a trial at the New York Special Term.
1Opinion of the Court
McLaughlin, J.:
On the 11th of August, 1909, Alexander Yamin and Thomas Rahaim, composing the firm of Rahaim & Malhami, were adjudged bankrupts. Shortly thereafter a composition agreement was submitted to their creditors, including the appellant. The American Exchange National Bank. The agreement provided for a settlement upon a basis of twenty-five per cent — ten per cent in cash and fifteen per cent in notes — half of which were payable in six months and half in one year. The composition agreement was signed on the 28th or 29th of October, 1909, and shortly thereafter the bankrupts conveyed…
2Cases cited7 opinions
- Valentine v. . RichardtNew York Court of Appeals · 1891
- Loos v. . WilkinsonNew York Court of Appeals · 1889
- Wasey v. HolbrookAppellate Division of the Supreme Court of the State of New York · 1910
- Skillin v. MaibrunnAppellate Division of the Supreme Court of the State of New York · 1902
- Wasey v. . HolbrookNew York Court of Appeals · 1912
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3Cited by4 opinions
- Marine Midland Bank v. MurkoffAppellate Division of the Supreme Court of the State of New York · 1986
- Kim v. Ji Sung YooDistrict Court, S.D. Illinois · 2018
- Irving Trust Co. v. ConteDistrict Court, S.D. New York · 1937
- Mallouk v. American Exch. Nat. BankAppellate Division of the Supreme Court of the State of New York · 1913