Columbian Mutual Life Insurance v. Portes

Appeals (1) from an order of the Supreme Court (Relihan, Jr., J.), entered July 14, 2000 in Broome County, which, inter alia, granted plaintiffs motion for partial summary judgment, and (2) from the judgment entered thereon.

Defendant Carlos P. Portes purchased defendant S.S. Ballin Agency, Inc. (hereinafter Ballin), an insurance agency that primarily handled plaintiffs insurance business in the New York City area. In 1997, Ballin borrowed $485,000 from BSB Bank and Trust Company (hereinafter BSB), and plaintiff guaranteed the loan at Portes’ request. About the same time, Portes began making…