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Slote v. Capital Exchange Corporation

Appellate Division of the Supreme Court of New York, First Department
Jun 11, 1968
30 A.D.2d 647 (N.Y. App. Div. 1968)

Opinion

June 11, 1968


Order entered February 2, 1968, unanimously reversed, on the law, with $50 costs and disbursements to abide the event, and the case remanded for trial on the issues raised by the defenses by way of setoff. Plaintiff, as trustee in bankruptcy, sues on a promissory note for $50,000. There is no defense to the note but by way of setoff defendant pleads that it is the holder of two notes made by the bankrupt, which notes exceed in amount the note sued upon. An inspection of the record reveals that there are questions as to the date and manner of acquisition of the two notes which cast doubt on whether the notes are proper subjects of setoff. A trial is required.

Concur — Stevens, J.P., Eager, Steuer, Capozzoli and McNally, JJ.


Summaries of

Slote v. Capital Exchange Corporation

Appellate Division of the Supreme Court of New York, First Department
Jun 11, 1968
30 A.D.2d 647 (N.Y. App. Div. 1968)
Case details for

Slote v. Capital Exchange Corporation

Case Details

Full title:MAXWELL SLOTE, as Trustee in Bankruptcy of ELMCLIFF CORP., Appellant, v…

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

Date published: Jun 11, 1968

Citations

30 A.D.2d 647 (N.Y. App. Div. 1968)