ROYAL NAT'L BANK OF NEW YORK v. SONWEL REALTY CORP.


39 A.D.2d 529 (1972)

Royal National Bank of New York, Appellant, v. Sonwel Realty Corp. et al., Respondents

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

April 13, 1972


Unanimously reversed, on the law, and plaintiff's motion for summary judgment pursuant to CPLR 3213 is granted for the principal amount due on the note including interest and attorneys' fees. Appellant shall recover of respondents $50 costs and disbursements of this appeal.

The record conclusively establishes that a loan, as evidenced by a note payable on demand, was made to the defendant corporation, and that each of the individual defendants guaranteed the note...

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