Case Name: Manufacturers National Bank of Troy, Respondent, v. Mary A. Toole and Another, Appellants
Court: New York Supreme Court, Appellate Division
Jurisdiction: New York
Decision Date: 1934-11
Citations: 242 A.D. 893
Docket Number: 
Parties: Manufacturers National Bank of Troy, Respondent, v. Mary A. Toole and Another, Appellants.
Judges: 
Reporter: Appellate Division Reports
Volume: 242
Pages: 893–893

Head Matter:
Manufacturers National Bank of Troy, Respondent, v. Mary A. Toole and Another, Appellants.

Opinion:
Judgment and order affirmed, with costs. Hill, P. J., McNamee, Crapser and Bliss, JJ., concur; Heffernan, J., dissents. The complaint alleged a cause of action on a promissory note. The answer pleaded section 1077-b of the Civil Practice Act, the moratorium statute. Simultaneously with the giving of the note defendants gave a real estate mortgage and a chattel mortgage in separate documents. The real estate mortgage not being the " sole " security for the debt, the statute did not apply. [152 Mise. 724.]