Court Opinion

ID: 5387486
Source: CourtListenerOpinion
Date Created: 2022-01-08 09:32:51.796897+00
Date Added: 2024-06-11T08:30:15.016585
License: Public Domain

Order unanimously reversed, with $20 costs and disbursements to the appellant, and plaintiff’s motion for summary judgment granted. Defendant admits its indebtedness to plaintiff and relies upon an oral agreement providing for repayment in not less than three years from the date of the loan. Such an agreement is within the provisions of the Statute of Frauds. There being no enforcible agreement governing the time of payment, the loan became payable on demand. Settle order on notice. Present — Glennon, J. P., Dore, Cohn, .Callahan and Shientag, JJ.