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TAJ INT'L CORP. v. EDWARD G. BASHIAN & SONS, INC.

251 A.D.2d 98 (1998)

674 N.Y.S.2d 307

Taj International Corp., Appellant, v. Edward G. Bashian & Sons, Inc., Respondent

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

June 11, 1998

Plaintiff seeks to recover a sum of money from defendant pursuant to a handwritten promissory note signed by both parties. The two-page handwritten note provides that defendant will pay plaintiff the sum of $49,600 for rugs on consignment with defendant; that the amount is to be paid in seven installments pursuant to a payment schedule set forth; and that if any check fails to clear, "there will be a 10% penalty fee per month" until...

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