56 East 87th Units Corp. v. Kingsland Group, Inc.

Order and judgment (one paper), Supreme Court, New York County (Walter B. Tolub, J.), entered May 24, 2005, granting plaintiff partial summary judgment on its first, second and seventh causes of action and dismissing the first and second counterclaims of the Kingsland and remaining lender defendants, and order, same court and Justice, entered October 6, 2005, which granted said defendants’ motion for reargument and adhered to its original decision, unanimously affirmed, with costs.

Plaintiff’s president lacked authority to enter into the instant loan transaction with the Kingsland and lenders…