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American Capital Corp. v. Gastello

278 A.D. 762 Court N.Y. App. Div. Decision date 1951-04-24 English

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p. 762
American Capital Corporation, as Assignee of Harold C. Burger, Trustee in Bankruptcy of Max Stark, Doing Business as Automatic Machine & Tool Co., Respondent, v. “Albert” F. Gastello, Defendant, and Harold D. McCreedy, Doing Business as Castellos, Appellant.

Order unanimously reversed, without costs, and the motion to vacate, cancel and set aside the judgment entered against defendant by default and for leave to defendant to serve a proposed verified answer to the complaint is granted upon condition, however, that defendant file a surety company bond in the amount of the vacated judgment to stand as security for any judgment that may be obtained by plaintiff. Settle order on notice. Present — Peck, P. J., Dore, Cohn, Van Voorhis and McCurn, JJ.