ROSARIO-PAOLO, INC. v. C & M PIZZA REST., INC.


194 A.D.2d 776 (1993)

599 N.Y.S.2d 628

Rosario-Paolo, Inc., Appellant, v. C & M Pizza Restaurant, Inc., Defendant, and Investors Insurance Company of America, Inc., Respondent

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

June 28, 1993


Ordered that the order is affirmed insofar as appealed from, with costs.

On or about March 6, 1987, the plaintiff, Rosario-Paolo, Inc., sold its pizza restaurant business to the defendant C&M Pizza Restaurant, Inc. (hereinafter C&M Pizza). In order to secure the payment of the unpaid balance of the purchase price, the plaintiff and C&M Pizza entered into a security agreement which provided that C&M Pizza...

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