Legal Opinion
Sumner v. Extebank
New York Court of Appeals
Decided March 31, 1983PublishedCited by 12 opinions
1Opinion of the Court
OPINION OF THE COURT
Memorandum.
The order of the Appellate Division should be modified, with costs to appellants, by reversing so much of the order as granted judgment to defendant and dismissed the complaint, and by reinstating the order of Trial Term, which ordered a new trial, and as so modified, affirmed.
Plaintiffs contend that defendant’s private sale of stock held as collateral was improper under section 9-504 of the Uniform Commercial Code because the sale price was unreasonably low. At trial, plaintiffs presented evidence from which the jury could have inferred that the corporation’s…
2Cases cited1 opinion
- Cohen v. Hallmark Cards, Inc.New York Court of Appeals · 1978
3Cited by12 opinions
- In the Matter of Excello Press, Inc., Debtor. Appeal of Metlife Capital Credit CorporationCourt of Appeals for the Seventh Circuit · 1989
- European American Bank v. Sackman Mortgage Corp. (In Re Sackman Mortgage Corp.)United States Bankruptcy Court, S.D. New York · 1993
- First Bank of South Dakota (National Ass'n) v. VonEyeSouth Dakota Supreme Court · 1988
- In Re WinerUnited States Bankruptcy Court, S.D. New York · 1984
- SNCB CORPORATE FINANCE LIMITED v. SchusterDistrict Court, S.D. New York · 1994
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