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BEATIE AND OSBORN LLP v. BANK OF NEW YORK

15 A.D.3d 168 (2005)

788 N.Y.S.2d 392

BEATIE AND OSBORN LLP, Appellant, v. THE BANK OF NEW YORK, Respondent.

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

February 1, 2005.

It appears that the subject revolving line of credit agreement had a $50,000 limit and provided for automatic renewal after one year unless defendant gave plaintiff a 30-day written notice of termination; that after one year, defendant refused to renew the credit agreement because of plaintiff's poor payment performance and its principals' poor credit reports; that plaintiff then told defendant that the termination of the credit agreement without a 30-day written notice was...

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