Civil Court of the City of New York November 2, 1964 (Boro Associates, Inc. v. Levy)

Patrick I. Picariello, J.

Action to recover balance due on two promissory notes indorsed by the defendant and subsequently negotiated by the payee to the plaintiff.

Defendant indorser interposes, inter alia, the defenses of payment, accord and satisfaction and violation of the General Corporation Law and the Banking Law of the State of New York.