As so modified, the judgment appealed from is otherwise affirmed, without costs and without disbursements. Lochsley executed a series of three promissory notes aggregating $41,400 payable to Filmvideo as part of a transaction involving the purchase of a film library. University, a 96% owned subsidiary of Lochsley, guaranteed payment of the notes. On or about July 1, 1970, Filmvideo moved for summary judgment against Lochsley and University, which motion was returnable July...
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