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FIRST AM. EQUITY ASSOCS. (1973) v. WOFSEY CERTILMAN, HAFT & LEBOW

89 A.D.2d 837 (1982)

First American Equity Associates (1973), Respondent, v. Wofsey Certilman, Haft & Lebow et al., Defendants, and 1979 Equidyne Properties-III et al., Appellants

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

August 26, 1982

Plaintiff contracted to sell certain improved real property to Eastland Industries, Inc. (Eastland Properties, Inc.'s predecessor in interest) and to take back a purchase money note and mortgage as security. As additional security, Eastland and 1979 Equidyne Properties-III (a New York limited partnership) agreed to furnish promissory notes received from the limited partners of Equidyne which would be and were placed in escrow with defendant Wofsey Certilman, Haft & Lebow...

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