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GENERAL BANK v. MARK II IMPORTS INC.

290 A.D.2d 240 (2002)

735 N.Y.S.2d 530

GENERAL BANK, Appellant, v. MARK II IMPORTS INC. et al., Respondents.

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

Decided January 8, 2002.

This case was referred to a referee for a determination of the amount defendants Mark II Imports Inc. (the borrower), and Mark Frankel and Rachel Frankel (the guarantors), owed plaintiff General Bank (the Bank), a California banking corporation, after the IAS court granted the Bank's motion for summary judgment as to liability. The Bank had provided a line of credit of $9,000,000. In its complaint, filed March 2000, the Bank sought $4,909,880.07, plus interest as provided...

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