Boro Associates, Inc. v. Levy

Action to recover balance due on two promissory notes indorsed by the defendant and subsequently negotiated by the payee to the plaintiff.

Defendant indorser interposes, inter alia, the defenses of payment, accord and satisfaction and violation of the General Corporation Law and the Banking Law of the State of New York. The last defense was withdrawn during the course of the trial.

Plaintiff is a holder in due course, having acquired the subject notes prior to maturity and for a valuable consideration.

During the course of the trial testimony was admitted over plaintiff’s objection, on which the…