LOCHSLEY HALL INC. v. FILMVIDEO RELEASING CORP.


36 A.D.2d 694 (1971)

Lochsley Hall Inc., Appellant, v. Filmvideo Releasing Corp., Respondent

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

March 1, 1971


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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