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Hamla Corp. v. Ruffo

26 A.D.2d 883 Court N.Y. App. Div. Decision date 1966-10-27 English

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p. 883
Hamla Corp., Appellant, v. Anthony C. Ruffo et al., Respondents.

Memorandum by the Court. Appeal from an order denying plaintiff’s cross motion for summary judgment in an action to foreclose a mortgage on real property. The Special Term correctly held that a triable issue of fact was presented as to plaintiff’s good faith in acquiring the promissory note and mortgage. (Personal Property Law, § 403, subd. 3, par. [a].) The order should be modified to provide that defendants may serve an amended answer to allege absence of good faith, should they be so advised. (CPLR 3016, subd. [b]; 3018, subd. [b]; cf. CPLR 3025, subd. [c].) Order modified in accordance with this memorandum decision and, as so modified, affirmed, with costs to respondents. Gibson, P. J., Herlihy, Reynolds and Staley, Jr., JJ., concur; Taylor, J., not voting.