NAT'L COMMERCIAL BANK & TRUST CO. v. NILES


65 A.D.2d 899 (1978)

National Commercial Bank and Trust Company, Respondent, v. John F. Niles, Defendant, and Antoinette Sharp, Appellant

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

November 30, 1978


Defendant Sharp cosigned a promissory note in blank made payable to the plaintiff at the request of defendant Niles. Defendant Niles subsequently negotiated a loan of $11,999.40, the proceeds of which he received on February 18, 1975. Defendant Sharp was notified by letter of the amount of the loan. Niles absconded shortly thereafter. Defendant Sharp made monthly payments on the loan until December 20, 1975 when she defaulted. Summary judgment was granted to plaintiff pursuant...

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