Case Name: Atlantic Richfield Company, Appellant, v. Coupon Publishing Corp. et al., Respondents
Court: New York Supreme Court, Appellate Division
Jurisdiction: New York
Decision Date: 1976-06-22
Citations: 53 A.D.2d 574
Docket Number: 
Parties: Atlantic Richfield Company, Appellant, v Coupon Publishing Corp. et al., Respondents.
Judges: 
Reporter: Appellate Division Reports
Volume: 53
Pages: 574–574

Head Matter:
Atlantic Richfield Company, Appellant, v Coupon Publishing Corp. et al., Respondents.

Opinion:
Order, Supreme Court, New York County, entered January 23, 1976, denying plaintiff's motion for summary judgment, pursuant to CPLR 3213, unanimously reversed, on the law, with $60 costs and disbursements to appellant, and the motion granted. On the record before us, defendants' belated effort to characterize the additional $90,000 advanced by plaintiff as a nonrefundable investment rather than a loan, is insufficient to overcome the overwhelming documentary evidence to the contrary. Accordingly, since no genuine triable issues were raised, summary judgment should have been granted. (Cf. Ehrlich v American Moninger Greenhouse Mfg. Corp., 26 NY2d 225.) Settle order on notice. Concur— Markewich, J. P., Murphy, Birns, Capozzoli and Nunez, JJ.