Legal Opinion

First Trust & Deposit Co. v. W. W. Conde Hardware Co.

New York Supreme Court

Decided June 11, 1965PublishedCited by 6 opinions

1Opinion of the CourtRichard J. Cardamone, J.

This is a motion for summary judgment pursuant to CPLR 3212 in an action instituted by the plaintiff for a sum of money claimed to be due and owing on a promissory note executed by the defendant.

The defendant corporation executed its promissory note on February 21,1963, in which it promised to pay the plaintiff bank the sum of $475,000, one month after date. In connection with the loan by the plaintiff to the defendant, the defendant assigned certain collateral to the bank consisting of five life insurance *339policies which insured the life of the president of the defendant corporation and 468…

2Cases cited10 opinions

  1. Toplitz v. . BauerNew York Court of Appeals · 1900
  2. Dodwell & Co. v. SilvermanAppellate Division of the Supreme Court of the State of New York · 1932
  3. O'Connor-Sullivan, Inc. v. OttoAppellate Division of the Supreme Court of the State of New York · 1954
  4. Pryor v. . City of BuffaloNew York Court of Appeals · 1909
  5. Anderson v. City of New YorkAppellate Division of the Supreme Court of the State of New York · 1940

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3Cited by6 opinions

  1. Arlen v. Comm'rUnited States Tax Court · 1967
  2. American Bank & Trust Co. v. LichtensteinAppellate Division of the Supreme Court of the State of New York · 1975
  3. Federal Deposit Insurance v. Blue Rock Shopping Center, Inc.District Court, D. Delaware · 1983
  4. Nickell v. IAG Federal Credit UnionCourt of Appeals of Georgia · 1994
  5. Colonna & Co. v. Citibank, N.A.New York Supreme Court · 1980

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