Case Name: Commercial Investment Trust, Incorporated, Appellant, v. Harry Chiebnick, Respondent
Court: New York Supreme Court, Appellate Term
Jurisdiction: New York
Decision Date: 1935-11-01
Citations: 157 Misc. 274
Docket Number: 
Parties: Commercial Investment Trust, Incorporated, Appellant, v. Harry Chiebnick, Respondent.
Judges: 
Reporter: New York Miscellaneous Reports
Volume: 157
Pages: 274–274

Head Matter:
Commercial Investment Trust, Incorporated, Appellant, v. Harry Chiebnick, Respondent.
Supreme Court, Appellate Term, First Department,
November 1, 1935.
Joseph G. Myerson [Matthias Cook of counsel], for the appellant.
Eli Kriger, for the respondent.
Modfg. and affg. 154 Misc. 44.

Opinion:
Per Curiam.
We think that the agreement of January, 1932, was a gratuitous extension of time to defendant to pay his debt by reducing installments and that plaintiff was at liberty to disregard it and sue on the note. But the default on which plaintiff relied was waived by the acceptance of subsequent payments. Judgment modified so as to dismiss the complaint, without prejudice, and as modified affirmed, without costs of appeal.
All concur. Present —Lydon, Callahan and Shientag, JJ.