From Casetext: Smarter Legal Research

Samuel v. Public National Bank Trust Co.

Supreme Court, Appellate Term, First Department
Mar 10, 1932
151 Misc. 200 (N.Y. App. Term 1932)

Opinion

March 10, 1932.

Appeal from the Municipal Court, Borough of Manhattan, Fifth District.

Moses Singer, for the appellant.

Abraham Singer, for the respondent.



By virtue of the provisions of the agreement between the bank and its depositor, as well as the right given to the bank under section 151 Debt. Cred. of the Debtor and Creditor Law, the bank was justified in applying the credit balance of the judgment debtor toward the payment of his unmatured indebtedness to the bank.

Judgment reversed, with thirty dollars costs, and complaint dismissed on the merits, with costs.

All concur; present, LYDON, FRANKENTHALER and UNTERMYER, JJ.


Summaries of

Samuel v. Public National Bank Trust Co.

Supreme Court, Appellate Term, First Department
Mar 10, 1932
151 Misc. 200 (N.Y. App. Term 1932)
Case details for

Samuel v. Public National Bank Trust Co.

Case Details

Full title:EDGAR A. SAMUEL, as Receiver of the Property of JOSEPH DANKOWITZ…

Court:Supreme Court, Appellate Term, First Department

Date published: Mar 10, 1932

Citations

151 Misc. 200 (N.Y. App. Term 1932)
270 N.Y.S. 112

Citing Cases

Capitol Distributors Corp. v. Kent's Restaurant, Inc.

This has been said to apply, when the circumstances provided in the statute occur, to the claim of a receiver…

Beverwyck Breweries, Inc., v. Adelsberg

There is no doubt that provisions in financial statements and in notes that, upon the happening of certain…