Lapis Enterprises, Inc. v. International Blimpie Corp.
Appellate Division of the Supreme Court of the State of New York
1Opinion of the Court
OPINION OF THE COURT
Titone, J.
This action arises from a business transaction in which the individual plaintiffs, Daniel and Carol Lapidus, through plaintiff Lapis Enterprises, Inc. (a corporation formed by the said individuals), acquired a Blimpie franchise. The Lapiduses were guarantors of an equipment lease between Lapis Enterprises, Inc. and the defendant Academy Leasing Corp., and, as security for their guarantee, executed a second mortgage on their residence to Academy. The equipment lease and second mortgage were *287purchased by the defendant New Jersey Bank, N. A., and the bank thereupon…
2Cases cited33 opinions
- Sessions v. RomadkaSupreme Court of the United States · 1892
- First National Bank of Jacksboro v. LasaterSupreme Court of the United States · 1905
- Greschler v. GreschlerNew York Court of Appeals · 1980
- Trustees of Union College v. WheelerNew York Court of Appeals · 1874
- Knowles v. . City of New YorkNew York Court of Appeals · 1903
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3Cited by17 opinions
- Deutsche Bank Trust Co. Americas v. VitellasAppellate Division of the Supreme Court of the State of New York · 2015
- Dynamics Corp. of America v. Marine Midland Bank-New YorkNew York Court of Appeals · 1987
- DeLarco v. DeWittAppellate Division of the Supreme Court of the State of New York · 1988
- Del Vecchio v. Nassau CountyAppellate Division of the Supreme Court of the State of New York · 1986
- Schepmoes v. HillesAppellate Division of the Supreme Court of the State of New York · 1986
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