European American Bank v. Lofrese
Appellate Division of the Supreme Court of the State of New York
1Opinion of the Court
OPINION OF THE COURT
PlZZUTO, J.
The defendant Competition Motors, Ltd. (hereinafter Competition) was an automobile dealership whose stock was owned by the defendants Anthony D’Angelo and John Grecco. In order to obtain the necessary financing for the purchase of new and used vehicles, Competition entered into a type of *70financing agreement known as an Automobile Dealer Floor Plan Loan Agreement with the plaintiff, the European American Bank (hereinafter EAB). Under the agreement, EAB, from time to time, made advances to Competition for the purchase of vehicles for retail sale. The vehicles so…
2Cases cited22 opinions
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- Seaman-Andwall Corp. v. Wright MacH. Corp.New York Court of Appeals · 1971
- Gateway State Bank v. Shangri-La Private Club for Women, Inc.Appellate Division of the Supreme Court of the State of New York · 1985
- Gateway State Bank v. Shangri-La Private Club for Women, Inc.New York Court of Appeals · 1986
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- Bank of America v. SolowAppellate Division of the Supreme Court of the State of New York · 2009
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