First National Bank & Trust Co. v. Classic Collateral Corp.

Cross appeals from a judgment of the Supreme Court in favor of plaintiff, entered June 21, 1973 in Ulster County, upon a decision of the court at a Trial Term, without a jury. This is an action to recover on a promissory note in the sum of $50,000 made by defendant Classic Collateral Corp. and payable to plaintiff. The individual defendants are indorsers on the note. After service of a summons and complaint, defendants served both an answer and an amended answer. The case was ultimately reached for trial, and after several adjournments, a day was set for trial. On the prescribed day…