GREAT COMM'N, INC. v. NORTHEASTERN COMMUNICATIONS, INC.


159 A.D.2d 921 (1990)

Great Commission, Inc., Appellant, v. Northeastern Communications, Inc., et al., Respondents

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

March 29, 1990


Mahoney, P. J.

Devine Broadcasting Company (hereinafter Devine) agreed to sell an Albany County radio station to defendant North-eastern Communications, Inc.1 in 1984. Apparently as part of the transaction, Devine executed a restated note dated February 1, 1985 for $576,000 in favor of the Small Business Administration (hereinafter SBA), which apparently had provided financing to Devine. In an assumption agreement also dated...

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