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CRANESVILLE BLOCK CO., INC. v. PENTAGON CONSTR. CO., INC.

51 A.D.2d 610 (1976)

Cranesville Block Company, Inc., Appellant, v. Pentagon Construction Company, Inc., et al., Respondents

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

January 15, 1976

On June 19, 1972, defendant Pentagon Construction Company executed a demand promissory note to the State Bank of Albany in the sum of $51,000 and said note was guaranteed for payment by defendants Bursese, Marcellino and Sager. As collateral security for the loan, plaintiff posted a certificate of deposit in the sum of $52,000 and thereafter some payments were made on the note. On July 3, 1974 and September 3, 1974, according to plaintiff, the State Bank of Albany made demand...

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