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FED DEP INS v. HERALD SQUARE

81 A.D.2d 168 (1981)

Federal Deposit Insurance Corporation, as Receiver of Franklin National Bank, Respondent, v. Herald Square Fabrics Corp. et al., Defendants, and Leonard Machinery Corp. et al., Appellants

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

June 15, 1981

Attorney(s) appearing for the Case

Baer Marks & Upham (George H. Colin of counsel), for Leonard Machinery Corp., appellant.

Otterbourg, Steindler, Houston & Rosen, P. C. (Peter H. Stolzar, Bernard Beitel and Anthony M. Piccione of counsel), for Concord Fabrics, Inc., appellant.

Weiss, Tucker & Topper (Jack Weiss and Robert Topper of counsel), for respondent.

MOLLEN, P. J., HOPKINS and LAZER, JJ., concur.

MANGANO, J.

Three primary issues are raised on this appeal. The first concerns the formal requisites for the enforceability of a contract for the sale of chattel paper. The second involves the authority of a court, on a motion for summary judgment, to interpret a printed contract when there appears on its face a blank space. The third requires the statutory construction of the term "commercial reasonableness...

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