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LETTER GRADE, INC. v. JASMINE TECHNOLOGIES, INC.

50 A.D.3d 383 (2008)

857 N.Y.S.2d 487

LETTER GRADE, INC., Appellant, v. JASMINE TECHNOLOGIES, INC., Respondent.

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

Decided April 10, 2008.

Under the terms of the promissory note, plaintiff was entitled to accelerate the entire debt upon defendant's failure to make the first principal payment (see Fifty States Mgt. Corp. v Pioneer Auto Parks, 46 N.Y.2d 573, 577 [1979]). The affirmation of plaintiff's counsel sufficiently detailed the work performed and the expenses incurred by plaintiff in connection with this matter to establish that the amount of fees and expenses...

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