KOREA FIRST BANK OF NEW YORK v. NOAH ENTERPRISES, LTD.


12 A.D.3d 321 (2004)

787 N.Y.S.2d 2

KOREA FIRST BANK OF NEW YORK, Respondent, v. NOAH ENTERPRISES, LTD., et al., Appellants. NOAH ENTERPRISES, LTD., et al., Appellants, v. KOREA FIRST BANK OF NEW YORK, Respondent.

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

November 30, 2004.


The bank had a valid security interest and was entitled to file a continuation statement with respect to the UCC-1 financial statements that were about to expire. Although the corporate borrower's principal signed the security agreement without indicating his corporate capacity, he was recognized by the bank as the corporation's president, his signature was over an address that was indisputably the corporation's, the subsequent dealings between the parties underscore these...

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