MFRS. & TRADERS TRUST CO. v. WORLD ONE TRAVEL CTR., INC.


202 A.D.2d 974 (1994)

609 N.Y.S.2d 491

Manufacturers and Traders Trust Company, Respondent-Appellant, v. World One Travel Center, Inc., et al., Appellants-Respondents

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

March 11, 1994


Order unanimously modified on the law and as modified affirmed without costs in accordance with the following Memorandum: The issues on this appeal require analysis of the contractual rights of the parties. On October 30, 1992, plaintiff ("the Bank"), without advance notice, froze the Merchant Account of defendant corporation, a merchant whose customers paid by VISA and Mastercard. On November 10, 1992, the Bank served defendant corporation with written notice of termination...

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