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Home Savings of American v. Favata

Appellate Division of the Supreme Court of New York, First Department
Nov 6, 1997
244 A.D.2d 155 (N.Y. App. Div. 1997)

Opinion

November 6, 1997

Appeal from the Supreme Court, New York County (Stuart Cohen J.).


Appellants' contention that summary judgment was improperly based on inadmissible evidence is improperly raised for the first time on appeal (see, Reynolds v. City of New York, 221 A.D.2d 185), and, in any event, without merit. Even if Amoros' plea allocution were disregarded, appellants' own submissions, which establish that defendant firm, in the ordinary course of its business, received trust funds from plaintiff that were held in its mortgage trust account, that Amoros was an authorized signatory on the mortgage trust account and the head of the firm's mortgage and real estate closing departments, and that Amoros misappropriated the funds, warrant application of traditional principles of partnership law dictating appellants' liability for Amoros' breach of trust (Partnership Law § 25; § 26 [1]; Client's Sec. Fund v. Grandeau, 72 N.Y.2d 62, 67). We have considered appellants' other arguments and find that they are unpreserved or without merit.

Concur — Nardelli, J. P., Mazzarelli, Andrias and Colabella, JJ.


Summaries of

Home Savings of American v. Favata

Appellate Division of the Supreme Court of New York, First Department
Nov 6, 1997
244 A.D.2d 155 (N.Y. App. Div. 1997)
Case details for

Home Savings of American v. Favata

Case Details

Full title:HOME SAVINGS OF AMERICAN, FSB, Respondent, v. ROBERT FAVATA et al.…

Court:Appellate Division of the Supreme Court of New York, First Department

Date published: Nov 6, 1997

Citations

244 A.D.2d 155 (N.Y. App. Div. 1997)
663 N.Y.S.2d 848

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