Stewart National Bank & Trust Co. v. Prophet

Appellate Division of the Supreme Court of New York

Stewart National Bank & Trust Co. v. Prophet

241 A.D. 791

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

DecidedMarch 15, 1934

StatusPublished

This text of 241 A.D. 791 (Stewart National Bank & Trust Co. v. Prophet) 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

Stewart National Bank & Trust Co. v. Prophet, 241 A.D. 791 (N.Y. Ct. App. 1934).

Pincite

Opinion

Judgment reversed on the law and a new trial granted, with costs to the appeUant to abide the event, on the ground that the plaintiff released certain security consisting of shares of the Snider Packing Company and received other security in place thereof without the knowledge or consent of the appeUant, an accommodation joint maker, and aHowance has not been made for the amount of security so relinquished; and on the further ground that an issue of fact was presented as to whether certain shares of the Kurlash Co., Inc., were security and released without the knowledge and consent of the appeUant, the value of the Kurlash shares not appearing in the record. AH concur, except Crosby, J., who dissents and votes for affirmance.

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Judgment reversed on the law and a new trial granted, with costs to the appeUant to abide the event, on the ground that the plaintiff released certain security consisting of shares of the Snider Packing Company and received other security in place thereof without the knowledge or consent of the appeUant, an accommodation joint maker, and aHowance has not been made for the amount of security so relinquished; and on the further ground that an issue of fact was presented as to whether certain shares of the Kurlash Co., Inc., were security and released without the knowledge and consent of the appeUant, the value of the Kurlash shares not appearing in the record. AH concur, except Crosby, J., who dissents and votes for affirmance.

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Bluebook (online)

241 A.D. 791, Counsel Stack Legal Research, https://law.counselstack.com/opinion/stewart-national-bank-trust-co-v-prophet-nyappdiv-1934.