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CANNELL v. GRAIL PARTNERS, LLC

652735/18.

180 A.D.3d 457 (2020)

118 N.Y.S.3d 593

2020 NY Slip Op 00973

J. Carlo Cannell et al., Respondents, v. Grail Partners, LLC, Appellant.

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

Decided February 11, 2020.

On December 31, 2008, defendant Grail Partners, LLC issued separate notes payable to each of the three plaintiffs. The "Payment Terms" of the notes were identical. Each note required the payment of principal in ten equal semiannual installments on June 30th and December 31st of each year, commencing June 30, 2009 and ending on December 31, 2013. Each note provided for interest at 8% per year "payable in arrears with each installment of principal hereunder." Each note contained...

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