EXECUTIVE SEC. CORP. v. GRAY


67 A.D.2d 860 (1979)

Executive Securities Corporation, Appellant, v. Richard Gray, Respondent

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

February 15, 1979


The action brought by plaintiff trustee in liquidation, seeks to recover upon a promissory note in the sum of $62,000, issued by defendant to accommodate plaintiff's bankrupt, then known as Dopler & Co. (Dopler). Defendant had withdrawn from Dopler. He asserts he was "forced out". He received a general release from all liability on September 13, 1971. The note in issue here was allegedly a rollover note executed on or about February 22, 1973, backdated to October 1, 1972...

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