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NEW YORK TRW TITLE INS. v. WADE'S CANADIAN INN & COCKTAIL LOUNGE, INC.

199 A.D.2d 661 (1993)

605 N.Y.S.2d 139

New York TRW Title Insurance, Appellant, v. Wade's Canadian Inn and Cocktail Lounge, Inc., et al., Respondents, et al., Defendants

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

December 9, 1993

Mahoney, J.

In May 1988, defendant Robert Rastelli (hereinafter Rastelli) entered into a contract to purchase real property located along Canada Street in the Village of Lake George, Warren County. The property was improved by several structures, including a tavern. In furtherance of the purchase, Rastelli applied to Chrysler First Business Credit Corporation for a business loan and Chrysler ultimately approved...

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