MERRILL LYNCH BUSINESS FINANCIAL SERVICES, INC. v. AHN


298 A.D.2d 238 (2002)

748 N.Y.S.2d 559

MERRILL LYNCH BUSINESS FINANCIAL SERVICES, INC., Respondent, v. IM Y. AHN, Appellant.

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

Decided October 17, 2002.


Plaintiff was properly granted summary judgment on its claim to recover from defendant the deficiency in a judgment obtained by plaintiff against I.K. International, Inc. The deficiency was recoverable from defendant as damages for her breach of her agreement to maintain a minimum balance in her account sufficient to secure I.K. International's loan obligations; defendant had pledged the subject account as collateral to secure the loan at issue by plaintiff to I.K. International...

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