Legal Opinion
Srebnik v. Transportation & Travel Pavilion, Inc.
New York Supreme Court
Decided June 9, 1964PublishedCited by 2 opinions
1Opinion of the CourtGeorge Postel, J.
Defendant had secured a ground lease from the World’s Pair Corporation. Plaintiff was engaged to secure financing to enable construction of a pavilion. The advances were to be secured by assignment to the lender of gross rentals of subleases and the advances were to be 90% of such gross rentals. Plaintiff was to receive 5% of the amount advanced. He now moves for dismissal of the defense and counterclaim for insufficiency. They are rested on section 380 of the General Business Law, which reads:
‘ ‘ § 380. Rrokerage on loans
“ No person shall, directly or indirectly, take or receive more than…
2Cases cited5 opinions
- Despard v. . ChurchillNew York Court of Appeals · 1873
- Claim of Ehrsam v. City of UticaAppellate Division of the Supreme Court of the State of New York · 1899
- Scudder v. HoytAppellate Division of the Supreme Court of the State of New York · 1926
- Scudder v. HoytNew York Court of Appeals · 1927
- Sockel v. Degel Yehudo Cemetery Corp.Appellate Division of the Supreme Court of the State of New York · 1944
3Cited by2 opinions
- Armstrong v. Rangaire Corp.District Court, S.D. New York · 1980
- Republic Funding Corp. v. Americable Associates, Ltd.District Court of Appeal of Florida · 1985