Geiger v. Mazon Food Corp.

Appellate Division of the Supreme Court of New York

Geiger v. Mazon Food Corp.

282 A.D. 662, 122 N.Y.S.2d 59, 1953 N.Y. App. Div. LEXIS 4571

CourtAppellate Division of the Supreme Court of the State of New York

DecidedJune 9, 1953

StatusPublished

This text of 282 A.D. 662 (Geiger v. Mazon Food Corp.) 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.

Bluebook

Geiger v. Mazon Food Corp., 282 A.D. 662, 122 N.Y.S.2d 59, 1953 N.Y. App. Div. LEXIS 4571 (N.Y. Ct. App. 1953).

Pincite

Opinion

Defendant’s obligation to repay the loan was to mature when its business was “established” or “built up”. Since that status has not been attained the indebtedness has not yet become due. As a consequence the judgment is unanimously reversed, with costs to the appellant, and judgment is directed to be entered in favor of the appellant dismissing the complaint herein, with costs, without prejudice to the commencement of a new action when and if the loan matures. Present — Peck, P. J., Glennon, Dore, Cohn and Breitel, JJ.

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Defendant’s obligation to repay the loan was to mature when its business was “established” or “built up”. Since that status has not been attained the indebtedness has not yet become due. As a consequence the judgment is unanimously reversed, with costs to the appellant, and judgment is directed to be entered in favor of the appellant dismissing the complaint herein, with costs, without prejudice to the commencement of a new action when and if the loan matures. Present — Peck, P. J., Glennon, Dore, Cohn and Breitel, JJ.

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Bluebook (online)

282 A.D. 662, 122 N.Y.S.2d 59, 1953 N.Y. App. Div. LEXIS 4571, Counsel Stack Legal Research, https://law.counselstack.com/opinion/geiger-v-mazon-food-corp-nyappdiv-1953.