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AMER. TRUST v. RECONSTR. FIN.

18 A.D.2d 147 (1963)

American Trust Company, Respondent, v. Reconstruction Finance Corporation et al., Appellants

Appellate Division of the Supreme Court of the State of New York, First Department.

February 21, 1963.

Attorney(s) appearing for the Case

John Paul Reiner of counsel (Arthur S. Olick and Charles R. L. Hemmersley with him on the brief; Vincent L. Broderick, United States Attorney for the Southern District of New York), for appellants.

Monroe Collenburg of counsel (Timothy P. Walsh with him on the brief; Hardin, Hess & Eder, attorneys), for respondent.

BREITEL, J. P., RABIN, VALENTE and STEVENS, JJ., concur.

NOONAN, J.

The defendants appeal from a judgment in the amount of $52,202.05 entered on the 14th day of October, 1960 in favor of the plaintiff.

The plaintiff, then known as the Pan American Trust Co., entered into a Blanket Participation Agreement, referred to as a "BPA Agreement", with the Reconstruction Finance Corporation dated May 10, 1945, which by its terms permitted the plaintiff to enter into...

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