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ARANOFF v. LIPSKAR

269 A.D.2d 124 (2000)

702 N.Y.S.2d 57

TERRY D. ARANOFF, Appellant, v. MENDEL LIPSKAR et al., Respondents.

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

Decided February 1, 2000.

In this action, plaintiff asserted that defendants asked him to advance $40,000 to HTT International, Inc. (HTT), a company in which their recently deceased brother was a principal. It is uncontroverted that each defendant signed a promissory note making him personally liable for the loan. As proof that the funds were in fact disbursed, plaintiff produced documentation evidencing a wire transfer in the sum of $40,000 to HTT.

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