Band Realty Co. v. North Brewster, Inc.
This text of 50 A.D.2d 828 (Band Realty Co. v. North Brewster, Inc.) is published on Counsel Stack Legal Research, covering Appellate Division of the Supreme Court of the State of New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Opinion
— In an action to foreclose a mortgage on real property, defendant North Brewster, Inc., appeals from a judgment of the Supreme Court, Dutchess County, entered February 21, 1975, upon a prior determination granting plaintiffs motion for summary judgment. Judgment affirmed, with $50 costs and disbursements. In determining whether interest is usurious, courts should not substitute the "present-value” method of computing interest for the traditional method of computation (Band Realty Co. v North Brewster, 37 NY2d 460). Gulotta, P. J., Rabin, Hopkins, Latham and Margett, JJ., concur.
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Cite This Page — Counsel Stack
50 A.D.2d 828, 377 N.Y.S.2d 106, 1975 N.Y. App. Div. LEXIS 11680, Counsel Stack Legal Research, https://law.counselstack.com/opinion/band-realty-co-v-north-brewster-inc-nyappdiv-1975.