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LEONE v. JOHNSON

99 A.D.2d 567 (1984)

Sinibaldo Leone, Jr., et al., Respondents, v. Herbert Johnson et al., Appellants

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

January 12, 1984

As a result of an earlier unrelated action, plaintiff Sinibaldo Leone, Jr.'s corporation had secured a judgment lien on defendants' residence. When, on October 15, 1979, that property was to be sold at public auction for unpaid taxes, plaintiffs, to protect the corporation's interest in that property, loaned defendants $8,412 at 10% interest to enable him to satisfy the taxes. The loan, secured by a note and mortgage on the premises...

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