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LIPPES v. ATL. BANK

69 A.D.2d 127 (1979)

Mildred Lippes, as Executrix of Abe Lippes, Deceased, Appellant, v. Atlantic Bank of New York et al., Respondents, et al., Defendants

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

July 10, 1979

Attorney(s) appearing for the Case

Ira A. Turret of counsel (Arthur N. Field with him on the brief; Field, Lomenzo & Turret, P. C., attorneys), for appellant.

Martin I. Shelton of counsel (Milton S. Gould and Dean G. Yuzek with him on the briefs; Shea Gould Climenko & Casey, attorneys), for Atlantic Bank of New York, respondent.

BIRNS, SULLIVAN, LUPIANO and SILVERMAN, JJ., concur.

KUPFERMAN, J.

Abe Lippes, now deceased,1 had been engaged for many years in the financing business involving the purchase, at discount, of accounts receivable and making collateralized loans.

Defendant, George Schorr, had been engaged for many years in the business of selling jewelry at wholesale, doing business as 211 Canal, Inc., a wholly owned corporation. A relationship...

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