Albany Discount Corp. v. Mohawk National Bank of Schenectady

Motion for reargument granted, memorandum decision dated May 27, 1968 (30 A D 2d 623) recalled and, upon reargument, order of the Supreme Court at Special Term (54 Misc 2d 238 Grangle, J.) entered September 21, 1967 in Albany County, affirmed, without costs. The lucid opinion at Special Term correctly determined the basic questions of law arising upon the factual contentions advanced by defendant (54 Misc 2d 238; see, also, Matter of Vinarsky, 287 F. Supp. 446; U. S. Dist. Ct., N. D. N. Y., Mar. 29, 1968, Foley, J.; contra, Recchio v. Manufacturers & Traders Trust Co., 55 Misc 2d 788); but we modified the Special Term order, holding that “In view of the existence of factual questions, summary judgment should not have been granted to respondent” (30 A D 2d 623). These factual questions have now been resolved pursuant to stipulation of the parties dated June 14, 1968. Gibson, P. J., Herlihy, Reynolds, Staley, Jr., and Gabrielli, JJ., concur in memorandum by Gabrielli, J.