ARDMORE MANAGEMENT CO., INC. v. 474 FULTON LEASING CORP.


277 A.D.2d 85 (2000)

717 N.Y.S.2d 25

ARDMORE MANAGEMENT CO., INC., et al., Appellants, v. 474 FULTON LEASING CORP. et al., Respondents.

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

Decided November 16, 2000.


The record supports the court's dismissal of the complaint. At the very least, the officer of plaintiff corporations possessed apparent authority to bind plaintiffs to the agreement that discounted the principal due on the note, since he was plaintiffs' sole negotiator at the underlying property sale on behalf of plaintiffs' president, who on other occasions had held out the officer as an agent cloaked with the authority to negotiate with the individual defendant (see...

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