Case ID: ad2d_2/html/0668-09.html
Source: Caselaw Access Project
Author: {"author": "", "license": "Public Domain", "url": "https://static.case.law/"}
Date Created: 2024-08-24T03:29:51.129683

Benjamin G. Emden et al., Individually and as Stockholders of Adison-Ad Lib Cafe, Inc., Suing on Behalf of Themselves and All Other Stockholders of Said Corporation and in the Right of Said Corporation, Respondents, v. Elvin I. Unterman, Appellant, et al., Defendant.
   There are issues of fact raised by the pleadings and affidavits that can only be resolved upon trial, particularly the issue as to whether the seller made satisfactory arrangements for the satisfaction of the chattel mortgage as provided in paragraph 36 of the agreement. Defendant concedes, however, that plaintiffs are entitled to $4,000 out of the escrow fund. In fact, he has on two occasions tendered that amount, although not in strict conformity with section 174-a of the Civil Practice Act. Accordingly, the judgment is vacated and the order modified to the extent of granting partial summary judgment in favor of plaintiffs in the amount of $4,000, without interest and with costs to the defendant. Settle order on notice. Concur — Peck, P. J., Breitel, Botein, Rabin and Cox, JJ.