ATL. BANK OF NEW YORK v. SUTTON ASSOCS., INC.


36 A.D.2d 943 (1971)

Atlantic Bank of New York et al., Respondents, v. Sutton Associates, Inc., et al., Appellants

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

May 27, 1971


Defendants-appellants, who own and manage certain premises, agreed, on March 25, 1969, with plaintiff-respondent Bank, upon a long-term lease. Upon compliance with certain terms of the agreement relating to approval by the Banking Department, a date was set for the Bank to become possessed of the premises. Meanwhile, the Bank, with knowledge of the lessors, arranged with coplaintiff-respondent Peters Tours, Inc., for sublease of...

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