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DRUCKER v. ALFIERI

273 A.D.2d 436 (2000)

711 N.Y.S.2d 747

SAMUEL DRUCKER, Appellant-Respondent, v. ANGELO ALFIERI, Respondent-Appellant.

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

Decided June 26, 2000.

Ordered that the order is affirmed, without costs or disbursements.

The defendant purchased a motorboat from a boatyard for $69,000, executing a promissory note in favor of NationsBank and securing the note with a mortgage on the boat. The following year he traded the boat for a larger vessel. According to the defendant, the boatyard promised to assume the payments on the note and satisfy the debt from the proceeds of a resale of the boat. The boatyard immediately...

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