Libertas Funding, LLC v. Associates of Boca Raton, Inc.

2024 NY Slip Op 31354(U)
CourtNew York Supreme Court, Kings County
DecidedApril 16, 2024
StatusUnpublished

This text of 2024 NY Slip Op 31354(U) (Libertas Funding, LLC v. Associates of Boca Raton, Inc.) is published on Counsel Stack Legal Research, covering New York Supreme Court, Kings County primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Libertas Funding, LLC v. Associates of Boca Raton, Inc., 2024 NY Slip Op 31354(U) (N.Y. Super. Ct. 2024).

Opinion

Libertas Funding, LLC v Associates of Boca Raton, Inc. 2024 NY Slip Op 31354(U) April 16, 2024 Supreme Court, Kings County Docket Number: Index No. 521042/2022 Judge: Francois A. Rivera Cases posted with a "30000" identifier, i.e., 2013 NY Slip Op 30001(U), are republished from various New York State and local government sources, including the New York State Unified Court System's eCourts Service. This opinion is uncorrected and not selected for official publication. FILED: KINGS COUNTY CLERK 04/17/2024 09:49 AM INDEX NO. 521042/2022 NYSCEF DOC. NO. 59 RECEIVED NYSCEF: 04/17/2024

Atai1 IAS Tetn1, Part 52 ofthe Supreme Coutt of the State of Ne\\' York; he Id i11 and i'cir the County of Kings; at the Courthouse, at Civic Center, I3rooklvn, New Y 01'k, on the . . . ~ . . '

16th day of Ap1'il 2024

HONORABLE FRANCOIS A. RIVERA ------- --------------- - - ----------------------- ---- - --- - ----X LfBEK[AS FUNDJNG, LLC, DECISION & ORDER

Plain ti ff, Index No. : 521042/2 022

-against- Ms. 3

ASSOCIATES OF BOCA RATON, INC., PALMMORTGAGKLLC, . . ADVANTAGE REFERRALS, INC., INNELLA GROUP, INC,, CHAD INGRAM EDGE REALTY LLC, 52 JULIET LLC, ASSOCIATES PLUS, LLC_; JONATHAN CHADWICK INGRAM,

Defendants. ----- ------------- ----------------------------- ----------- ------------X

Recitation in accordance with CPLR 2219 (a) of the papers considered on notice of motion filed on October 27, 2023, under motion sequence number three, by Libertas Funding, LLC (hereinafter plaintiff) for an order pursuant to CPLR3212 granting summary judgment in its favor on its causes of action for breach of contract and personal guarantee against the defendants Associates of Boca Raton, Inc., Advantage Refen:als,- Inc., Inella Group, fnc., Chad Ingram Edge Realty LLC, 52 Juliet LLC, Associates Plus, LLC 1 (hereiiw1ler the compm1y defendants) and J(matlrnn Chadwick lµgram (hGreinaft~r the guar~lhtoi'); The motion is·urtopposed.

-Notice ofinotion -Affitmat1on in. support Exhibits A-N· '"Statement ofmaterial facts

Page 1 of 6

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BACKGROUND

On July 22, 2022, plaintiff commenced the instant action by filing a summo11s and

verified complaintwith the Kings County Clerk's office {KCCO). OnAugust8, 2022,

plaintiff filed a 1iotice ofdiscontinuance against defendant Palm Mortgage LLC. On

August 21, 2()22, defendants Associates of Boca Raton, Inc., Palm Mortgage, LLC,

AdvantageRcfc1Tals, Inc., I11ella Group, Inc,, Chad Ingeam Edge RcaltyLLC, 52Juliet

LLC; Associates Plus, LLC, and Jonathan Chadwick Ingramjoincd issue by interposing

and filing a Joint answer with the KCCO.

The verif1ed complaint alleges thirty-two allegations of fact ln support of two

causes ofaction for breach of a contract and breach of a personal g.uaranty. The verified

complaint alleges the following salient facts, among others, On or about October 6,

2021, p!aintiffc1rtd the company defendants entered into an agTe'ement, whereby plaintiff

agreed to purcl1ase all rights to $325,500 of company defendants' fi.1ture receivables

(hereinafter "agreenient #l"}. Plaintiff satisfied its obligation under agreement #1 by

delivering to company defendants $250,000, the purchase price for said receivables.

Iii addit_ion, on December 9, 2021, plaintiff and company defendants entered into

an agreement, whereby plaintiff agreed to purchase all rights to $685,000 ofcompany

d~fendants' future receivables (hereinafter ''agreement #2"}. Plaintiff satisfied its

obligation 11nder agree1nent #2 by de! ivering to compc,111y detenddnts $500,000 the

purchase price fat said i'eceiyables. In addition; gitarantor agreed.~o guatarttee all

amounts owed to plaintiff from company defendant upon a bteach _in performance by

company defendants.

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Initially, company defendant met its obligation under the agreements. However,

company defendmits breached the agreements and stopped delivering the purchased

receivables to plaintiff. Defendants are now in default having only delivered

$563,292.18 to plaintiff. Per the agree1t1ents, defendants now still have an obligation to

deliver to plaintiff an additional $461,707.82, plus costs, disbursements, statutory interest

from July 16, 2022, and attorney's fee. The company defendants and the guarantor have

failed to pay the aniounts due and owing under the agreement.

LAWANDAPPLICATION

There is no opposition to the instant motion. However, '"[a] summary judgment

motion should not be granted merely because the party against whotn judgme:nt is sought

failed to submitpapets in opposition to the motion, (Le., 'defaulted')'' (Liberty Taxi Mgt.,

Irle. v Gincherman,·32AD3d 276,.278n [1st Dept 20061, citing Vermont TeddyBear Co.,

v 1-800 Beatgram Co. Inc., 3 73 F3d 241, 244 [2d Cir 2004] ["the failure to oppose a

motion for summary j11dgment alone does notjustify the granting ofsummary judgment.

Instead, the ... court must sti!L assess whether the moving party has fulfilled its burden of

dernonstra.ting that there is no genuine issue of material fact and its entitler'nerit to

judgment as a matter of law;']; see Cugil1iv System Lumber Co., Inc., 111 AD2d 114, 115

[1st Dept 1985]) .

.It is Well established tllatsUinmary Judgment may be granted only when notriable

issue of fact exists (Alvarez v Prospect Hospital, 68 NY2cl320 [19861). The burden is

upon the moving party toinake a ptima fade showing that.he or she is entitled to

.summary judgment as a matter of law by presenting evidence in admissible form

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demonstrating the absence of any material issues of fact (GitdJi·ida v Citibank, 100 NY2d

72, 81 [2003]}.'

A failure to make that showing requires the denial oftbe surnrnaryjudgment

motion, regardless ofthe adequacy of the opposing papcrs· (.i(1·otte v Gervasio, 81 NY2d . . ' .

l 062, 1063 [I 993]). lfa prima fade showing has been made, the burden shifts to the

opposing party to produce evidentiary proofsufficienl to establish the existence of

material issues of fact (Alvarez, 68 NY2d at324).

Pursuant to CPLR 3212 (b), a coul't wi Ugrai1t Ii rn otion for surrtmaryjudgment

upon a deterniinationthat the movai1t1s papers justify holding, as a matter of law, that

there is no defense to the cause of action or th at the cause of acl ion or defense has no

111erit. Futthenno.re,all the evidence must be viewedin the light 1110s,t favorable to the

opponent ofthe motion (Marine Midland Bank" Dino & Artie 1sA.utomatic Transmission

Co,, 168 AD2d 6J() [2d Dept 1990]).

The essential elements ofa cause of action to re.cover damages for breach of

contract are "the existence ofa contract, the plaintiffs performance pursuant to the

contract,the defendant's breach of its contractrn:ll obligations, and damages resulting from

the breach" (C,'uz v Cruz, 213 AD3d 805, 807 [2dDcpt 20231).

In the case at bar, the only sworn testimony submitted by plaintiffin support ofthe

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Related

Giuffrida v. Citibank Corp.
790 N.E.2d 772 (New York Court of Appeals, 2003)
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35 A.D.3d 455 (Appellate Division of the Supreme Court of New York, 2006)
Cugini v. System Lumber Co.
111 A.D.2d 114 (Appellate Division of the Supreme Court of New York, 1985)
Cruz v. Cruz
184 N.Y.S.3d 760 (Appellate Division of the Supreme Court of New York, 2023)

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2024 NY Slip Op 31354(U), Counsel Stack Legal Research, https://law.counselstack.com/opinion/libertas-funding-llc-v-associates-of-boca-raton-inc-nysupctkings-2024.