Prosperum Capital Partners LLC v. Piola Prop. Mgt. LLC

2024 NY Slip Op 31761(U)
CourtNew York Supreme Court, Kings County
DecidedMay 20, 2024
StatusUnpublished

This text of 2024 NY Slip Op 31761(U) (Prosperum Capital Partners LLC v. Piola Prop. Mgt. LLC) 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
Prosperum Capital Partners LLC v. Piola Prop. Mgt. LLC, 2024 NY Slip Op 31761(U) (N.Y. Super. Ct. 2024).

Opinion

Prosperum Capital Partners LLC v Piola Prop. Mgt. LLC 2024 NY Slip Op 31761(U) May 20, 2024 Supreme Court, Kings County Docket Number: Index No. 512250/2023 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 05/21/2024 10:12 AM INDEX NO. 512250/2023 NYSCEF DOC. NO. 28 RECEIVED NYSCEF: 05/21/2024

At an IAS Tenn; Part 52 of the Supreme Court of the State of New York, held in and for the County of Kings, at the Comthotise, at Civic Center, Brooklyn, New York, onthe 20th day of May 2024

HONORABLE FRANCOIS A. RIVERA --------· --- ·. ------· ----·. ------·. ---------·. --------- ·-----------X PROSPERUM CAPITAL PARTNERS LLC DECISION & ORDER D/B/A ARSENALFUNDING,

Plaintiff, Index No.: 512250/2023

- against-

PIOLAPROPERTY MANAGEMENT LLC D/B/A PIOLA PROPERTY MANAGEMENTand CHRISTIAN MANTUANO Defendants. -.-------. --------. ---- .--..----. -------. -------- .- .----- .----------X Recitation inaccordance with CPLR 2219 (a) of the papers considered on notice ofmotion filed on August 14, 2023, under motion sequence number one, by Prosperum Capital Partners LLC D/B/A Arsenal Funding (hereinafter the plaintiff) for an order pursuant to CPLR3212 awarding summary judgment in favor ofplaintiff as againstPiola Property Manage111ent LLC D/B/A Pio la Property Management (hereinafter the LLC defendant) and Christian Mantuano· (hereinafter the guarantor) (collec:tively the. defendants) as well as the costs and disbursements of this action. The motion is oppos·ed .

..:Notice ofrnotion "'Affirmation in support .,Affidavit in support Exhibits A-E ..:Memorandum of law in support "'.Statement of material facts -Affirmation in opposition Exhibits A-C

BACKGROUND •· On April 25,2023, plaintiff commenced the instant action by filing a summons

anc:l verified complaint with the Kings Com'.lty Clerk, s office (KCCO ). On June 2, 2023,

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the defendants interposed and filed an answer with counterclaims with the KCCO. On

June 23, 2023, the plaintiff interposed and fileda reply to the defendants; counterclaims

with· the KCCO.

The vetified complaint alleges thirty-two allegations. of fact in support of three

denominated causes of action. The first is for breach of contract, the second is for breach

of a guarantee agreement; and the third is for attorney's fees based onan alleged breach

of the agreement.

The verified coin plaint alleges the following salient facts. Pursuant to a receivable

purchase agreement (hereinafter the agreement) and personal guarantee dated February 2,

2023, the plaintiffpurchased from the LLC defendant its future accounts receivable

having a face value.of$44,700.00.

On or about February 2, 2023, the LLC defendant, in consideration of the sum of

$30,000.00, sold, assigned, and transferred to plaintiff seventeen (10%) percent ofits

future sales proceeds, up to an aggregate amount of$44, 700.00. By the agreement,

Christian Mantuano executed apersonal guarantee iftheLLC defendant defaulted on the

agreement. Pursuant to the aforesaid agreement, the LLC defendant agreed to have one

bank account approved by plaintiff (hereinafter "Bank Accol!llt 11 ) from which the LLC

defendantauthorizedplaintiff to debit 10% of its daily revenue until the purchased

amount.ofree:eivables was paid in full.

On February 23, 2023, the LLC defendant defaulted tinder tlleagree_t'nent.by

failing to remit its .sales proceeds to the plaihti ff and o therWise breached the agreement by

intentionally impeding and preventingplaintiff from making the agreed uponACH

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withdrawals from the Bank Account while conducting regular business. operations.

In total, the LLC defendant remitted theamountof$9,834.00 in accordance with

the agreement, leaving a balance of$ 34,866.00 remaining due and owing. The plaintiff

claims that there is now d_ue and payable to plaintiff, by the defendants, the principal

balance sum of$ $47,961.00, together with attorney's fees of $R,716 .50, resulting_ in a

sum of $56,67750.

LAW AND APPLICATION

It is well established that summary judgment may be granted only when no triable

issue offact exists (Alvarez vProspect Hospital 1 68 NY2d 320,324 [1986]). The burden

is upon the moving patty toma:ke a prima facie showing that he or sheis entitled to

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

demonstrating the absence of 1rtaterial facts (Giziffi:ida v Citibank Corp., l 00 NY2d 72,

81 [2003]).

A failure to make that showing requires the denial of the summary judgment

motion, regardless of the adequacy of the opposing papers (Ayotte v Gervasio, 81 NY2d

1062, I 063 [ 19 93]) ~ If prim a: facie showing has been made, the burdei1 ·shifts to the

opposingparty to produce evidentiary proof sufficientto establish the existence of

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

Pursuant to CPLR 3'.21'.2 (b), a court will grant.a motion for summary judgment

upon a determination that the movants papers justify holding, as a matter of law, that

there is no defenseto the cause of action or that the' ca:i:1se of action or defense has no

merit. Furthennore, al 1 of the evidence. must be viewed in the. Iigh t. most.favorable to. the

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opponent of the motion (Marine Midland Bank vDino & Artie1s Automatic Transmission

Co., 168 AD2d 610,610 [2d Dept 1990]).

The essential elements ofa cause of action to recover damages for breach of

contract are ''the existence ofa contract, the plaintiff's perfonnance pursuant to the

contract, the defendant's breach of its contractual obligations; and damages resulting from

the breach" {see Cruz v Cruz, 213 AD3d 805, 807 [2d Dept 2023 ]).

In the case at bar; the only swom testimony submitted by the plaintiff in support

of the motion was an affirmation of Jeffrey Patella, its counsel (hereinafter Parella), and

an affidavit ofMarlen Kruzhkov, its managing member (hereinafter Kruzhkov}. Parella's

affinnation demonstratedno personal lmowledge. of any ofthe transactional facts alleged

in the complaint An attorney's affirmation that is not based upon personal knowledge is

ofno probative or eviderttiary significance (Nerayoffv Khorshad, 168 ADJd 866, 866-

867 [2d Dept 2019], citing Warrington v Ryder Truck Rental, liw., 35 AD3d 455,456 [2d

Dept2006]), Parella's affirmation states that the facts in support of the motion are

contained in the affidavit ofKruzhkov.

The plaintiffs evidentiary submission did not demonstrate thatit paid theLLC

defendant the agreed upon purchase price for its future receivables. Kruzhovavered that

annexed as exhibit B to the motion was proofof the plaintiffs funding of the purchase

price.

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Related

Ayotte v. Gervasio
619 N.E.2d 400 (New York Court of Appeals, 1993)
Alvarez v. Prospect Hospital
501 N.E.2d 572 (New York Court of Appeals, 1986)
Warrington v. Ryder Truck Rental, Inc.
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)
Marine Midland Bank, N. A. v. Dino & Artie's Automatic Transmission Co.
168 A.D.2d 610 (Appellate Division of the Supreme Court of New York, 1990)
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 31761(U), Counsel Stack Legal Research, https://law.counselstack.com/opinion/prosperum-capital-partners-llc-v-piola-prop-mgt-llc-nysupctkings-2024.