INTER BUS. MKTG., INC. v. KRONENGOLD


135 A.D.2d 474 (1987)

Inter Business Marketing, Inc., Appellant, v. Tobie Kronengold, Respondent

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

December 22, 1987


This is an action to recover the $135,000 balance of a loan from plaintiff to defendant. The original principal of $300,000 was documented by three promissory notes. Defendant repaid the sum of $165,000, plus interest directly to the plaintiff. In opposition to summary judgment, defendant claims satisfaction and discharge of the balance by payment to one Marvin Lieberman, a third party, who had performed accounting services for plaintiff, and also helped negotiate the loan...

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