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MERITUM CORP. v. LAWYERS TITLE INS. CORP.

88 A.D.2d 828 (1982)

Meritum Corporation, Respondent, v. Lawyers Title Insurance Corporation, Appellant

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

June 10, 1982

Plaintiff is a New York corporation. Defendant is a Virginia corporation licensed to do business in New York and Florida, among other States. In 1978 plaintiff agreed to lend money to Jethmal & Sons, Ltd., to be secured by a mortgage to be issued by Jethmal & Sons, Jethmal and his wife individually, and by Philip Wang. The property which was to be subject to the mortgage is located in Pinellas County, Florida. To insure that the property to be mortgaged was not subject...

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