On May 15, 1981 defendant, in payment of his purchase of plaintiff's stock in a brokerage firm, executed to plaintiff's order a $25,000 promissory note payable in four installments. Defendant defaulted on the first installment and plaintiff thereafter moved for judgment for the face amount of the note, with interest, and attorney's fees as provided therein, pursuant to CPLR 3213. A settlement for the sum of $26,000 was agreed upon and, after making an initial payment of ...
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