Legal Opinion
George H. Nutman, Inc. v. Aetna Business Credit, Inc.
New York Supreme Court
Decided August 6, 1982PublishedCited by 18 opinions
1Opinion of the Court
OPINION OF THE COURT
Alfred D. Lerner, J.
In this action to recover a prepayment premium of $46,501.60 plus interest and other relief, defendant, Aetna Business Credit, Inc. (hereinafter Aetna), moves for summary judgment.
On or about September 6,1977 Aetna loaned to plaintiff, George H. Nutman, Inc., the sum of $1,200,000. Aetna received as security for the loan a first mortgage lien on various commercial property owned by plaintiff located in Brooklyn and Queens. The mortgage agreement provided for monthly installments of principal and interest to be due on the first day of each month, with a…
2Cases cited2 opinions
- Graf v. Hope Building Corp.New York Court of Appeals · 1930
- Kilpatrick v. . Germania Life Ins. Co.New York Court of Appeals · 1905
3Cited by18 opinions
- SO/Bluestar, LLC v. Canarsie Hotel Corp.Appellate Division of the Supreme Court of the State of New York · 2006
- Baybank Middlesex v. 1200 Beacon Properties, Inc.District Court, D. Massachusetts · 1991
- Financial Center Associates of East Meadow, L.P. v. TNE Funding Corp. (In Re Financial Center Associates of East Meadow, L.P.)United States Bankruptcy Court, E.D. New York · 1992
- TMG Life Insurance v. AshnerCourt of Appeals of Kansas · 1995
- Northwestern Mutual Life Insurance v. Uniondale Realty AssociatesNew York Supreme Court · 2006
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