Case Name: 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
Court: New York Supreme Court, Appellate Division
Jurisdiction: New York
Decision Date: 1956-06-19
Citations: 2 A.D.2d 668
Docket Number: 
Parties: 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.
Judges: 
Reporter: Appellate Division Reports
Volume: 2
Pages: 668–668

Head Matter:
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.

Opinion:
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.