H V FUNDING v. VAKKAS & SONS


140 Misc.2d 587 (1988)

H. V. Funding, Inc., et al., Plaintiffs, v. Ernest Vakkas & Sons, Inc., Doing Business as Beiers Luncheonette, et al., Defendants.

District Court of Nassau County, First District.

July 12, 1988


Attorney(s) appearing for the Case

Bruce R. Bekritsky for plaintiffs. Morris & Eisenberg (Eugene Eisenberg of counsel), for defendants.


JEROME S. MEDOWAR, J.

Here the secured party repossesses the property in question, does not dispose of the property by public sale but rather retains possession of same, and now seeks the full balance due under the lease agreement from lessee.

The facts are these: Nationwide Coin Phones, Inc. (Nationwide), not a party to this action, entered into a sales contract/leasing agreement with defendants in...

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