ABELE TRACTOR & EQUIPMENT CO., INC. v. SCHAEFFER

524586.

167 A.D.3d 1256 (2018)

91 N.Y.S.3d 548

2018 NY Slip Op 08719

Abele Tractor & Equipment Co., Inc., Appellant, v. Charles Schaeffer Sr., Doing Business as Auto Solutions, Also Known as Auto Solutions of New York, Inc., Formerly Known as Auto Solutions of Glenville, Inc., et al., Defendants, and Trustco Bank Corp., NY, Respondent.

Appellate Division of the Supreme Court of New York, Third Department.

Decided December 20, 2018.


Defendant John A. Paige, Jr., Contracting, Inc. (hereinafter Paige) had a longstanding credit relationship with defendant Trustco Bank Corp. NY whereby Trustco loaned Paige funds for residential construction and for acquisition of construction vehicles and equipment. Among other transactions, Paige borrowed funds from Trustco to purchase...

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