Case Name: Leslie Geiger, Respondent, v. Mazon Food Corporation, Appellant
Court: New York Supreme Court, Appellate Division
Jurisdiction: New York
Decision Date: 1953-06-09
Citations: 282 A.D. 662
Docket Number: 
Parties: Leslie Geiger, Respondent, v. Mazon Food Corporation, Appellant.
Judges: 
Reporter: Appellate Division Reports
Volume: 282
Pages: 662–662

Head Matter:
Leslie Geiger, Respondent, v. Mazon Food Corporation, Appellant.

Opinion:
Defendant's obligation to repay the loan was to mature when its business was "established" or "built up". Since that status has not been attained the indebtedness has not yet become due. As a consequence the judgment is unanimously reversed, with costs to the appellant, and judgment is directed to be entered in favor of the appellant dismissing the complaint herein, with costs, without prejudice to the commencement of a new action when and if the loan matures. Present — Peck, P. J., Glennon, Dore, Cohn and Breitel, JJ.