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Manufacturers National Bank of Troy v. Toole

Appellate Division of the Supreme Court of New York, Third Department
Nov 1, 1934
242 App. Div. 893 (N.Y. App. Div. 1934)

Opinion

November, 1934.


Judgment and order affirmed, with costs. Hill, P.J., McNamee, Crapser and Bliss, JJ., concur; Heffernan, J., dissents. The complaint alleged a cause of action on a promissory note. The answer pleaded section 1077-b of the Civil Practice Act, the moratorium statute. Simultaneously with the giving of the note defendants gave a real estate mortgage and a chattel mortgage in separate documents. The real estate mortgage not being the "sole" security for the debt, the statute did not apply. [ 152 Misc. 724. ]


Summaries of

Manufacturers National Bank of Troy v. Toole

Appellate Division of the Supreme Court of New York, Third Department
Nov 1, 1934
242 App. Div. 893 (N.Y. App. Div. 1934)
Case details for

Manufacturers National Bank of Troy v. Toole

Case Details

Full title:MANUFACTURERS NATIONAL BANK OF TROY, Respondent, v. MARY A. TOOLE and…

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

Date published: Nov 1, 1934

Citations

242 App. Div. 893 (N.Y. App. Div. 1934)