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EMPIRE INDUS. SYS. CORP. v. NORTHEASTERN BANK OF PENNSYLVANIA

144 A.D.2d 429 (1988)

Empire Industrial Systems Corp., Appellant, v. Northeastern Bank of Pennsylvania, Respondent, and Edward Roufberg, Appellant

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

November 14, 1988

Ordered that the judgment is affirmed, with costs.

The record establishes that, through a sale-lease-back agreement, the plaintiff obtained approximately $65,000, and obligated itself to make certain lease payments which were personally guaranteed by the plaintiff's president Edward Roufberg. Both the agreement and guarantee authorized assignment without notice, and formal assignment of the agreement to the defendant bank...

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