Empire Industrial Systems Corp. v. Northeastern Bank of Pennsylvania

In an action, inter alia, for a judgment declaring the cancellation of an indebtedness, the plaintiff and the additional defendant on the counterclaim appeal from a judgment of the Supreme Court, Nassau County (Wager, J.), entered September 11, 1987, which, upon granting the motion of the Northeastern Bank of Pennsylvania for summary judgment on its counterclaim, is in favor of the defendant and against them in the sum of $84,761.62.

Ordered that the judgment is affirmed, with costs.

The record establishes that, through a sale-lease-back agreement, the plaintiff obtained approximately $65,000,…