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BANK OF NEW YORK v. PROGRESSIVE PHONE SYS., INC.

71 A.D.2d 1010 (1979)

Bank of New York, Appellant, v. Progressive Phone Systems, Inc., et al., Defendants, and Stanley Weidan et al., Respondents

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

September 28, 1979

Order reversed insofar as appealed from, on the law, with $50 costs and disbursements, and the branch of plaintiff's motion which sought summary judgment as against defendants Stanley Weidan and Antonio Cifarelli is granted.

Between October, 1977 and January, 1978, the appellant bank extended four loans, totaling $125,000, to defendant Progressive Phone Systems, Inc. (Progressive). Sometime before these loans were made,...

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