First National City Bank v. Cooper

— Order, Supreme Court, New York County, entered November 14, 1974, denying plaintiffs motion for summary judgment, unanimously reversed, on the law, and the motion granted, with $60 costs and disbursements to appellant. Belmont Merchandise Corp. (Belmont) engaged in the general merchandising business, involving the purchase and sale of a variety of goods. Financing of these purchases was effectuated through the First National City Bank (FNCB), which, upon presentation of a document of title by Belmont, would advance up to 70% of the purchase price. The defendant Herbert Cooper was named as…