In April 1978, plaintiff loaned defendant corporation $7,500 at an interest rate of 10% per annum. The loan was evidenced by a note due in April 1979, which note was secured by a recorded mortgage on premises owned by defendant at 45 West 37th Street in New York City. By its terms the note was not to be orally changed or terminated.
In July 1981, plaintiff left her occupation as a real estate broker to take up employment with the Ruben Bead Importing Company. This...
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