(Download) "Security Trust Company Rochester v. Earl E. Thomas Et Al." by Supreme Court of New York # Book PDF Kindle ePub Free
eBook details
- Title: Security Trust Company Rochester v. Earl E. Thomas Et Al.
- Author : Supreme Court of New York
- Release Date : January 04, 1977
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 74 KB
Description
[59 A.D.2d 242 Page 243] This appeal requires us to determine whether a secured lender who repossesses the security from the defaulting debtor and sells it at public or private sale may recover a deficiency judgment against the debtor without proving that its notice to the debtor of the sale was reasonable and that the sale was conducted in a commercially reasonable manner. We hold that it cannot; that questions of fact were presented on the pleadings herein at Special Term; and that Special Term erred in granting the plaintiff lender's motion for summary judgment for the amount of the alleged deficiency on its loan to defendants.