FRIESCH-GRONINGSCHE HYPOTHEEKBANK REALTY CORP. v. WARD EQUITIES


188 A.D.2d 397 (1992)

Friesch-Groningsche Hypotheekbank Realty Corporation, Respondent, v. Ward Equities, Appellant, et al., Defendants

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

December 15, 1992


Defendant Ward Equities (Ward) asserts that it was fraudulently induced into entering into the subject mortgage by plaintiff Friesch-Groningsche Hypotheekbank Realty Credit Corporation's (FGH) repeated oral promises not to foreclose on its $12.5 million loan to Ward if the commercial tenancies in the mortgaged building were terminated. Although paragraph G of the parties' agreement requiring any changes to be in writing would generally...

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