Blaustein v. Schnabel

In an action upon a collateral bond, given as additional security for the payment of a corporate bond, secured by a mortgage on real property, defendants appeal from an order granting plaintiff’s motion for summary judgment, pursuant to rule 113 of the Rules of Civil Practice, and from the judgment entered thereon. Order and judgment unanimously affirmed, with $10 costs and disbursements. Plaintiff, having possession of the corporate bond, was entitled to enforce the bond executed by defendants as additional security, although it was not, in terms, assigned to him. (Security-First Nat. Bank…