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WASSERSTROM v. INTERSTATE LITHO CORP.

114 A.D.2d 952 (1985)

Ida Wasserstrom et al., as Executors of Louis Wasserstrom, Deceased, Appellants, v. Interstate Litho Corp., Respondent

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

November 18, 1985

Order reversed, on the law, with costs, and motion granted.

Plaintiffs' decedent, Louis Wasserstrom, was president and a shareholder of Sterlip Merrimac Printing Corp. (hereinafter Sterlip). On September 13, 1982, Sterlip sold substantially all of its assets to defendant for the sum of $425,000. On that same date, defendant executed and delivered to Sterlip a promissory note in the sum of $400,000 payable in monthly installments...

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