Solon Snowden v. The Franklin National Bank of Long Island

The question here is whether the trial Court correctly entered summary judgment in favor of the Bank against the Appellant-Maker on his promissory note.

Appellant urges that the note was made for purpose of accommodation on a pre-existing debt and was without consideration. As to this there is clearly no genuine issue. The detailed factual affidavits, adduced in support of the Bank’s motion, F.R.Civ.P. 56, were not controverted as to the critical fact that Appellant executed a note for $10,000 which amount was delivered to a third party (Sovereign Resources, Inc.) pursuant to Appellant’s…