Crest Investment Trust, Inc. v. Alatzas

When Greek meets Greek, then comes the tug of war. 1 Triffona George Alatzas met Peter Angelides and sold him a restaurant, whence comes this tug of war. A year or so later (June 1968) Angelides 2 borrowed $18,333 from the appellant (Crest). When Angelides defaulted Alatzas foreclosed his lien. Crest says no notice of the foreclosure was “sent” to it. Thus is presented for our consideration, for the first time it seems, the nature of the “reasonable notification” required by Code (1964 Repl. Vol.), Art. 95B, § 9-504 (3), the Uniform Commercial Code.

As we shall see, the parties are not in…