Plaintiff's claim that the subject hypothecation agreement was materially altered subsequent to its execution by him to expose the assets pledged by him to execution by defendant bank in the event of a default by Lorec Systems, Inc. is specious. In a letter, written subsequent to the alleged alteration of the hypothecation agreement, requesting a substitution of collateral under the hypothecation agreement, plaintiff's counsel referenced the matter as "Lorec Systems," thereby...
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