EXCH. LEASING CORP. v. BUNDY


29 A.D.2d 828 (1968)

Exchange Leasing Corporation, Respondent, v. Donald J. Bundy et al., Appellants

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

February 15, 1968


Judgment and order unanimously modified by reversing and deleting that portion thereof which awards judgment against the defendant Bundy on the first cause of action contained in the complaint and otherwise affirmed, with costs to the appellant-defendant Bundy.

Memorandum:

The determination of Special Term was based largely upon the rule that the defense of usury is unavailable to the corporate appellants-defendants and their individual guarantor, defendant...

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