282 A.D. 1067 | N.Y. App. Div. | 1953
Defendants appeal from three orders and a judgment. The first order, entered June 26, 1952, granted plaintiff’s motion for summary judgment. The second order, entered October 24, 1952, granted defendants’ second motion for reargument, but adhered to the original decision. The third order, entered January 6, 1953, denied defendants’ third motion for reargument upon additional facts and evidence and defendants’ motion to require plaintiff to furnish security for costs. The judgment was entered on June 30, 1952, in favor of plaintiff, in pursuance of the first order. Order of January 6, 1953, reversed, without costs, defendants’ third motion for reargument granted, and, upon such reargument, plaintiff’s motion for summary judgment denied, without costs, and defendants’ motion to require plaintiff to furnish security for costs granted, without costs. The order of June 26, 1952, and the judgment are vacated, without costs. Appeals from the orders of June 26, 1952, and October 24, 1952, and from the judgment are dismissed, as academic, without costs. The mere discounting of a note by a bank and the placing of the amount of the discount to the credit of the holder does not constitute a taking of the note for value. (Bath Nat. Bank v. Ely N. Sonnenstrahl, Inc., 249 N. Y. 391; Oitisens’ State Bank v. Cowles, 180 N. Y. 346; Merchants Nat. Bank of St. Pawl v. Santa Maria Sugar Co., 162 App,