Legal Opinion
S. M. Flickinger Co. v. 18 Genesee Corp.
Appellate Division of the Supreme Court of the State of New York
Decided December 14, 1979PublishedCited by 42 opinions
1Opinion of the Court
OPINION OF THE COURT
Simons, J. P.
On August 30, 1976 plaintiff entered into a "Super Duper Finance Agreement” with the corporate defendant, 18 Gene-see Corporation, and the individual defendants, its stockholders. By its terms, plaintiff subleased store premises to 18 Genesee Corporation to operate a Super Duper food market franchise and it agreed to loan the corporation $230,000 to finance the operation. The corporation executed a note for that amount and the individual stockholders guaranteed it. The corporation also executed a security agreement covering inventory and fixtures.
On March 28,…
2Cases cited4 opinions
- Jones v. MorganMichigan Court of Appeals · 1975
- Security Trust Co. v. ThomasAppellate Division of the Supreme Court of the State of New York · 1977
- Bilar, Inc. v. ShermanColorado Court of Appeals · 1977
- Roebuck v. Walker-Thomas Furniture Co., Inc.District of Columbia Court of Appeals · 1973
3Cited by42 opinions
- Millican v. TurnerMississippi Supreme Court · 1987
- Diane Drysdale v. Thomas SpiritoCourt of Appeals for the First Circuit · 1982
- Chrysler Credit Corp. v. MitchellAppellate Division of the Supreme Court of the State of New York · 1983
- Warnaco, Inc. v. FarkasCourt of Appeals for the Second Circuit · 1989
- Cohen v. RainsCourt of Appeals of Texas · 1989
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