The liability at issue arises by reason of defendant's execution of a promissory note in plaintiff's favor requiring the payment of certain sums "[f]or value received". Although it is undisputed that the obligation evidenced by the note is due and has not been satisfied, defendant maintains that its liability thereunder should not be reduced to judgment at this juncture since there are issues of fact as to whether plaintiff discharged its obligations pursuant to an Affiliation...
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