NAT'L BANK OF NORTHERN NEW YORK v. SHAAD


60 A.D.2d 774 (1977)

National Bank of Northern New York, Respondent, v. Robert B. Shaad, Appellant

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

December 16, 1977


Order unanimously reversed, with costs, and motion denied.

Memorandum:

Defendant appeals from an order granting plaintiff's motion for summary judgment to recover money held in escrow following the sale of a "travel lift" in which Northern Yachts, Inc. (Northern), had granted on January 25, 1972 a security interest to plaintiff bank in return for a loan evidenced by a promissory note. The security agreement provided that the collateral secured any and all...

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