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B.R.I. COVERAGE CORP. v. IMPERIAL

182 A.D.2d 529 (1992)

B.R.I. Coverage Corp., Appellant, v. Roger Imperial, Respondent

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

April 21, 1992

The security agreement recited in the promissory notes gives plaintiff the option of retiring its loan to defendant by retaining commissions earned by defendant instead of accepting payment directly from him. Defendant asserts that such election was made, and that his earned commissions have been debited in an amount equal to full amount of both notes; plaintiff, by its secretary-treasurer, denies this. The security agreement requires...

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