LEHMAN v. ROSEANNE INVESTORS CORP.


106 A.D.2d 617 (1984)

Jack H. Lehman, Respondent, v. Roseanne Investors Corp. et al., Appellants

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

December 31, 1984


Judgment affirmed, with costs.

On April 17, 1974, plaintiff loaned Roseanne Investors Corp. $40,000. Roseanne executed a promissory note in that amount, which was guaranteed by the individual defendant and made payable to plaintiff in full in three months with interest at the rate of 12% per annum. As collateral security for repayment of the note, defendants gave plaintiff a subordinate mortgage on certain real property situated in Suffolk County, New York. At the...

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