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PNC CAPITAL RECOVERY v. MECHANICAL PARKING SYSTEMS, INC.

283 A.D.2d 268 (2001)

726 N.Y.S.2d 394

PNC CAPITAL RECOVERY, as Successor in Interest to MIDLANTIC BANK, N. A., Appellant, v. MECHANICAL PARKING SYSTEMS, INC., Defendant, and SHLOMO KADOSH, Respondent.

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

Decided May 17, 2001.

Plaintiff, as successor in interest to Midlantic Bank, N. A., commenced this action against defendants to recover $40,942.53, pursuant to a Promissory Note and a Commercial Security Agreement, executed between plaintiff and defendant Mechanical Parking Systems, Inc. (Mechanical), the corporate owner of a parking garage. Shlomo Kadosh was the president of Mechanical. He signed the Promissory Note and Commercial Security Agreement on behalf of Mechanical, by placing his signature...

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