Legal Opinion
Leumi Financial Corp. v. Richter
New York Court of Appeals
Decided March 31, 1966PublishedCited by 37 opinions
1Opinion of the Court
Chief Judge Desmond.
On November 15,1962 plaintiff loaned to defendant Richter $150,000 on a long-form promissory note which stated that interest was to be at the rate of 10% per year and the payment was to be “On Demand”. As collateral security plaintiff received “ over the counter ” corporate stock (some on November 15 and some, as agreed, a few days later) then valued in the market at $64,600, or a little more than 40% of the amount loaned. Defendants Wolf, Spilky and Eckhaus signed and delivered to plaintiff their guarantees of payment of the note. The three guarantors are principal…
2Cases cited6 opinions
- Thomas v. . ScuttNew York Court of Appeals · 1891
- Jenkins v. MoyseNew York Court of Appeals · 1930
- Dunham v. . CudlippNew York Court of Appeals · 1883
- Wright v. . ToomeyNew York Court of Appeals · 1912
- Wright v. ToomeyAppellate Division of the Supreme Court of the State of New York · 1910
1 more not listed; retrieve them via the Exa API.
3Cited by37 opinions
- Carlock v. Pillsbury Co.District Court, D. Minnesota · 1989
- First International Bank of Israel, Ltd. v. L. Blankstein & Son, Inc.New York Court of Appeals · 1983
- Megaris Furs, Inc. v. Gimbel Brothers, Inc.Appellate Division of the Supreme Court of the State of New York · 1991
- Edison Stone Corp. v. 42nd Street Development Corp.Appellate Division of the Supreme Court of the State of New York · 1989
- Village on Canon v. Bankers Trust Co.District Court, S.D. New York · 1996
32 more not listed; retrieve them via the Exa API.