Caprara v. Charles Court Associates
Appellate Division of the Supreme Court of the State of New York
1Opinion of the CourtSpain, J.
Appeal from an order of the Supreme Court (Lynch, J.), entered June 14, 1994 in Schenectady County, which, inter alia, granted plaintiffs’ motion for partial summary judgment on the issue of liability.
Defendant Charles Court Associates executed a note and mortgage in the amount of $180,000 to Corona & Hodges Management, Inc. in August 1988. The obligation was personally guaranteed by the individually named defendant partners of Charles Court. Thereafter, Charles Court invested $60,000 in an accounts receivable fund created and managed by Carona & Hodges. Charles Court, allegedly relying on…
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