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Stewart Natl. Bank Tr. Co. of Livonia v. Prophet

Appellate Division of the Supreme Court of New York, Fourth Department
Mar 1, 1934
241 App. Div. 791 (N.Y. App. Div. 1934)

Opinion

March, 1934.


Judgment reversed on the law and a new trial granted, with costs to the appellant to abide the event, on the ground that the plaintiff released certain security consisting of shares of the Snider Packing Company and received other security in place thereof without the knowledge or consent of the appellant, an accommodation joint maker, and allowance has not been made for the amount of security so relinquished; and on the further ground that an issue of fact was presented as to whether certain shares of the Kurlash Co., Inc., were security and released without the knowledge and consent of the appellant, the value of the Kurlash shares not appearing in the record. All concur, except Crosby, J., who dissents and votes for affirmance.


Summaries of

Stewart Natl. Bank Tr. Co. of Livonia v. Prophet

Appellate Division of the Supreme Court of New York, Fourth Department
Mar 1, 1934
241 App. Div. 791 (N.Y. App. Div. 1934)
Case details for

Stewart Natl. Bank Tr. Co. of Livonia v. Prophet

Case Details

Full title:STEWART NATIONAL BANK AND TRUST COMPANY OF LIVONIA, Respondent, v. JOHN M…

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

Date published: Mar 1, 1934

Citations

241 App. Div. 791 (N.Y. App. Div. 1934)