Legal Opinion
Maikels v. Albany Broadcasting Co.
Appellate Division of the Supreme Court of the State of New York
Decided March 19, 1998PublishedCited by 6 opinions
1Opinion of the Court
—Yesawich Jr.,
J. Appeals (1) from an order of the Supreme Court (Harris, J.), entered July 3, 1997 in Albany County, which granted plaintiffs motion for summary judgment in lieu of complaint, and (2) from the amended judgment entered thereon.
On August 15, 1996, defendant executed a promissory note payable to Kriscott Broadcasting, Inc. in the sum of $170,000. This note provided that repayment of the principal sum was to be paid in 20 quarterly installments of $8,500 beginning on November 15, 1996. The note was made in accordance with the terms of an “Asset Purchase Agreement” (hereinafter the…
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