Legal Opinion
Chase Manhattan Bank, N. A. v. Komons
Appellate Division of the Supreme Court of the State of New York
Decided December 18, 1979PublishedCited by 2 opinions
1Opinion of the Court
— Order, Supreme Court, New York County, entered May 28, *5571979, denying plaintiff’s motion for summary judgment (served in lieu of a complaint [CPLR 3213]) on a promissory note, unanimously reversed, on the law, with costs and disbursements, and the motion granted. In December, 1972, Provident Securities, Inc., a registered broker-dealer, was experiencing severe financial problems and was in desperate need of cash. It already owed plaintiff Chase Manhattan Bank, its principal banker, approximately $350,000. With collapse imminent Provident sought additional loans from Chase; however,…
2Cases cited5 opinions
- Mount Vernon Trust Co. v. BergoffNew York Court of Appeals · 1936
- Serzysko v. Chase Manhattan BankDistrict Court, S.D. New York · 1968
- Bay Parkway National Bank v. ShalomNew York Court of Appeals · 1936
- Rothschild v. Manufacturers Trust Co.New York Court of Appeals · 1939
- Franklin National Bank v. SkeistAppellate Division of the Supreme Court of the State of New York · 1975
3Cited by2 opinions
- Indosuez v. PandeffAppellate Division of the Supreme Court of the State of New York · 1993
- Berliner Handels-und Frankfurter Bank v. CoppolaAppellate Division of the Supreme Court of the State of New York · 1995