FED. DEPOSIT INS v. FORTE


94 A.D.2d 59 (1983)

Federal Deposit Insurance Corporation, Appellant, et al., Plaintiff, v. Michael Forte et al., Defendants, and Lamb Associates, Inc., et al., Respondents

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

June 6, 1983


Attorney(s) appearing for the Case

Ira L. Hyams, P. C., for appellant.

Shapiro, Mortman & Schwartz, P. C. (Marvin L. Schwartz and Ellen M. Coin of counsel), for respondents.

GULOTTA, O'CONNOR and BOYERS, JJ., concur.


GIBBONS, J. P.

The primary issues on these appeals concern the applicability of article 9 of the Uniform Commercial Code to the financial transactions in which the parties herein participated and the propriety of scrutinizing a disposition of collateral under the code standard of commercial reasonableness. Resolution of these issues requires, at the outset, that the different liabilities of the principal defendants...

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