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MATTER OF GEN. MOTORS ACCEPTANCE CORP. v. NORSTAR BANK OF HUDSON VALLEY

156 A.D.2d 876 (1989)

In the Matter of General Motors Acceptance Corporation, Respondent, v. Norstar Bank of Hudson Valley et al., Respondents, and Lefty's Char-Broil of America, Inc., Intervenor-Appellant

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

December 21, 1989

Mahoney, P. J.

Respondent Allan Schuster owned all the stock in Lefty's Char-Broil, Ltd. (hereinafter Lefty's). Pursuant to a master agreement dated February 26, 1987, Schuster agreed to sell that stock to intervenor, Lefty's Char-Broil of America, Inc. (hereinafter America). In this agreement, Schuster further acknowledged that Lefty's owed $47,214.90 to Martin Herzog and Ida Herzog and agreed to personally satisfy this debt within 10 days. According...

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