First Trust & Deposit Co. v. W. W. Conde Hardware Co.
New York Supreme Court
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
- Toplitz v. . BauerNew York Court of Appeals · 1900
- Dodwell & Co. v. SilvermanAppellate Division of the Supreme Court of the State of New York · 1932
- O'Connor-Sullivan, Inc. v. OttoAppellate Division of the Supreme Court of the State of New York · 1954
- Pryor v. . City of BuffaloNew York Court of Appeals · 1909
- 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
- Arlen v. Comm'rUnited States Tax Court · 1967
- American Bank & Trust Co. v. LichtensteinAppellate Division of the Supreme Court of the State of New York · 1975
- Federal Deposit Insurance v. Blue Rock Shopping Center, Inc.District Court, D. Delaware · 1983
- Nickell v. IAG Federal Credit UnionCourt of Appeals of Georgia · 1994
- Colonna & Co. v. Citibank, N.A.New York Supreme Court · 1980
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