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CLINTON CAPITAL CORP. v. SAFETY HARBOR SPA ASSOCS. LTD. P'SHIP

162 A.D.2d 114 (1990)

Clinton Capital Corporation, Respondent, v. Safety Harbor Spa Associates Limited Partnership, Appellant

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

June 5, 1990

In November 1986, defendant Safety Harbor Spa Associates borrowed $300,000 from plaintiff Clinton Capital Corporation and executed a promissory note payable in 60 monthly installments of $7,136.98. Beginning in September 1987, defendant failed to make payments when due, resulting in acceleration of the note and the underlying suit.

Plaintiff moved for summary judgment. Defendant responded that it entered into the $300,000...

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