Legal Opinion
Alperstein v. National City Bank
City of New York Municipal Court
Decided April 6, 1951PublishedCited by 5 opinions
1Opinion of the CourtBoccia, J.
This case presents a novel issue and apparently of first impression.
Each of the parties moved for summary judgment and concedes the following facts:
On June 23,1950, the defendant bank made a loan to plaintiff’s intestate, Maurice Alperstein, by discounting his promissory note for $10,000. The loan was made pursuant to the borrower’s application which is dated June 22, 1950. At the time the loan was consummated the net proceeds of $9,032.35 were paid by the bank to the borrower. The proceeds represent the face amount of the note less the discount of $891, life insurance premium of $72 and…
2Cases cited11 opinions
- Olmsted v. . KeyesNew York Court of Appeals · 1881
- Rawls v. . American Mutual Life Insurance CompanyNew York Court of Appeals · 1863
- Empire Development Co. v. Title Guarantee & Trust Co.New York Court of Appeals · 1918
- Sturm v. . Atlantic Mutual Insurance Co.New York Court of Appeals · 1875
- Skelly v. Bristol Savings BankSupreme Court of Connecticut · 1893
6 more not listed; retrieve them via the Exa API.
3Cited by5 opinions
- New York Life Insurance Company v. Noel B. Baum and Media Sales and Marketing, Inc.Court of Appeals for the Fifth Circuit · 1983
- Cosentino v. William Penn Life InsuranceAppellate Division of the Supreme Court of the State of New York · 1996
- Eliasz v. Broadway Bank and Trust Co.Supreme Court of New Jersey · 1960
- Jacob Straf v. Colonial Factors CorporationCourt of Appeals for the Eighth Circuit · 1960
- In re the Estate of TanenblattNew York Surrogate's Court · 1994