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KINCADE v. KINCADE

178 A.D.2d 510 (1991)

Dorothy Kincade, Respondent, v. Charles Kincade III et al., Appellants

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

December 16, 1991

Ordered that the judgment is affirmed, with costs.

On or about November 15, 1973, the plaintiff loaned $38,000 to the two defendants, her son Charles Kincade III and his business partner, who used the money to purchase a home. The loan was secured by a bond and mortgage on the subject property. In August 1979, the defendants sold the property to a third party. During trial, they offered a Satisfaction of Mortgage executed...

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