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CANTERBURY REALTY v. SAV. BANK

135 A.D.2d 102 (1988)

Canterbury Realty and Equipment Corporation et al., Respondents, v. Poughkeepsie Savings Bank et al., Appellants

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

January 28, 1988

Attorney(s) appearing for the Case

Van DeWater & Van DeWater and Skadden, Arps, Slate, Meagher & Flom (Edward J. Yodowitz of counsel), for appellants.

Hiscock & Barclay (Richard L. Weisz of counsel), for respondents.

MAHONEY, P. J., WEISS and HARVEY, JJ., concur.

LEVINE, J.

The instant litigation arises out of a loan transaction between plaintiff Canterbury Realty and Equipment Corporation (hereinafter Canterbury) and defendant Poughkeepsie Savings Bank (hereinafter the Bank) entered into February 9, 1983, through which the Bank provided the financing for Canterbury's acquisition of a food service business. Among the financing instruments, Canterbury and the Bank entered...

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