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Telmark, Inc. v. Lavigne

Telmark, Inc. v. Lloyd T. Lavigne

Telmark, Inc. v. Lavigne, 124 A.D.2d 1055 (1986)
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Court
Appellate Division of the Supreme Court of the State of New York · State Appellate Courts
Decided
November 10, 1986
Citations
124 A.D.2d 1055508 N.Y.S.2d 7371986 N.Y. App. Div. LEXIS 62414
Cited by 10

Opinion of the Court

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Despite a creditor’s failure to give notice of sale of the security to the debtor, a creditor may still recover a deficiency judgment against the debtor by proving the amount of the debt, the fair market value of the security and the resulting deficiency (Security Trust Co. v Thomas, 59 AD2d 242, 246-247 ). Here, plaintiff has established defendant’s default and the amount of the debt, and there is an issue of fact only as to the fair market value of the secured property. There being no issue other than the amount of damages, plaintiff is entitled to partial summary judgment on the issue of liability and the matter is remitted to Onondaga County Supreme Court for an assessment of damages (see, CPLR 3212 [c], [e]; Chrysler Credit Corp. v Mitchell, 94 AD2d 971 ; Flickinger Co. v 18 Genesee Corp., 71 AD2d 382, 385-386 ). (Appeal from order of Supreme Court, Onondaga County, Tenney, J. — summary judgment.) Present — Doerr, J. P., Boomer, Green, Pine and Balio, JJ.

How later courts describe this case

No later court has written an explanatory parenthetical about this case yet.

Cited by 10 cases

View all citing references →
1988: 11989: 11993: 21994: 11995: 11996: 12001: 12002: 219882026peak 1993 · 2

Relies on it most ⓘ

  1. In re Excello Press, Inc., Debtor. Appeal of Metlife Capital Credit Corporation890 F.2d 896 (7th Cir. 1989)
  2. Siemens Credit Corp. v. Marvik Colour, Inc.859 F. Supp. 686 (S.D.N.Y. 1994)
  3. In re Excello Press, Inc.90 B.R. 335 (N.D. Ill. 1988)
  4. Stedman v. Webb (In re Stedman)264 B.R. 298 (Bankr. W.D.N.Y. 2001)
  5. ROC-Century Associates v. Giunta658 A.2d 223 (Me. 1995)
  6. First American Bank v. Wassel158 Misc. 2d 906 (N.Y. Sup. Ct. 1993)

Most recent

  1. HSBC Bank USA v. Economy Steel, Inc.298 A.D.2d 958 (2002)
  2. Central National Bank v. Butler294 A.D.2d 881 (2002)
  3. Stedman v. Webb (In re Stedman)264 B.R. 298 (Bankr. W.D.N.Y. 2001)
  4. Oxford Resources Corp. v. Jenkins168 Misc. 2d 436 (N.Y. City Civ. Ct. 1996)
  5. ROC-Century Associates v. Giunta658 A.2d 223 (Me. 1995)
  6. Siemens Credit Corp. v. Marvik Colour, Inc.859 F. Supp. 686 (S.D.N.Y. 1994)

Citing references are not a citator: they show that a later opinion cites this case, not whether it followed, distinguished, or overruled it. Check negative history before relying on this case.

Authorities cited 3

DepthCaseCited by
S. M. Flickinger Co. v. 18 Genesee Corp., 71 A.D.2d 382 (1979) 41
Sec. Trust Co. v. Thomas, 59 A.D.2d 242 (1977) 34
Chrysler Credit Corp. v. Mitchell, 94 A.D.2d 971 (1983) 22

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