Shell Oil Co. v. McGraw
Appellate Division of the Supreme Court of the State of New York
1Opinion of the CourtSimons, J.
Plaintiff agreed to lease defendants’ land in Camillus, New York, for a gas station site. The cost of constructing the station was to be loaned to defendants by Shell and the debt satisfied by rental paid under the lease. In furtherance of this arrangement, the parties executed a financing agreement by which plaintiff was to loan up to $112,037.00 in periodic advances upon the condition precedent that defendants submit proof satisfactory to Shell that all bills fcr labor and materials were fully paid. Under paragraph 9 of *221the agreement the advances were secured by a mortgage which was…
2Cases cited6 opinions
- Van Valkenburgh, Nooger & Neville, Inc. v. Hayden Publishing Co.New York Court of Appeals · 1972
- Graf v. Hope Building Corp.New York Court of Appeals · 1930
- Grad v. RobertsNew York Court of Appeals · 1964
- Fleischer v. TerkerNew York Court of Appeals · 1932
- Pizer v. HerzigAppellate Division of the Supreme Court of the State of New York · 1907
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- Hudson City Savings Institution v. BurtonAppellate Division of the Supreme Court of the State of New York · 1982
- Newfield v. General Motors Corp.Appellate Division of the Supreme Court of the State of New York · 1981
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