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BUS. CAPITAL CORP. v. PREMIER ALBUMS, INC.

29 A.D.2d 522 (1967)

Business Capital Corporation, Appellant, v. Premier Albums, Inc., Respondent

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

December 14, 1967

Order entered September 6, 1967, denying plaintiff's motion for summary judgment pursuant to CPLR 3213, unanimously reversed, on the law, with $50 costs and disbursements to the plaintiff-appellant, and the motion granted.

The defendant concedes that it is in default in the payment of interest and it does not deny that such a default accelerated the due date of the entire principal amount of the indebtedness. The failure...

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