Case Name: Irving Litter et al., Respondents, v. Charles Klapow, Defendant, and Ogdis Realty Corp. et al., Appellants
Court: New York Supreme Court, Appellate Division
Jurisdiction: New York
Decision Date: 1953-10-26
Citations: 282 A.D. 893
Docket Number: 
Parties: Irving Litter et al., Respondents, v. Charles Klapow, Defendant, and Ogdis Realty Corp. et al., Appellants.
Judges: 
Reporter: Appellate Division Reports
Volume: 282
Pages: 893–893

Head Matter:
Irving Litter et al., Respondents, v. Charles Klapow, Defendant, and Ogdis Realty Corp. et al., Appellants.

Opinion:
In an action brought for the return of certain stock alleged to have been deposited by plaintiffs with appellants as collateral security for certain indebtedness, which are alleged to have been repaid, the appeal is from so much of an order as denies appellants' cross motion to dismiss the complaint for insufficiency. Order, insofar as appealed from, affirmed, with $10 costs and disbursements. Whether the transfer of the stock was outright or merely as collateral security, the amount of the loans for which the stock was allegedly deposited as security, and whether such loans have been repaid, are questions which should be determined on a trial. Nolan, P. J., Adel, Wenzel, MacCrate and Beldoek, JJ., concur.