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FENTON v. IVES

222 A.D.2d 776 (1995)

634 N.Y.S.2d 833

H. Wayne Fenton, Plaintiff, v. Roger D. Ives, Defendant and Third-Party Plaintiff-Appellant, et al., Defendants. Bank of Richmondville, Third-Party Defendant-Respondent

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

December 7, 1995

Crew III, J.

This action arises out of certain loan transactions between defendant Roger D. Ives (hereinafter defendant) and third-party defendant, Bank of Richmondville (hereinafter the Bank). In 1993, defendant had a loan with the Bank with an outstanding balance of approximately $103,000 and an unsecured line of credit with a balance of approximately $40,000. The loan in question was secured by a drilling...

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