Mack Financial Corp. v. Knoud, 98 A.D.2d 713

— In an action for a deficiency judgment, defendant appeals from an order of the Supreme Court, Suffolk County (Rohl, J.), dated December 20,1982, which granted plaintiff’s motion for summary judgment in lieu of a complaint (CPLR 3213) and set the matter down for trial on the issue of damages. Order reversed, on the law, with costs, and motion denied. A secured party seeking a deficiency judgment from the debtor after sale of the collateral bears the burden of showing that the sale was made in a “commercially reasonable” manner (see Uniform Commercial Code, § 9-504; Central Budget Corp. v Garrett, 48 AD2d 825). Here, the moving papers fail to set forth any of the facts and circumstances surrounding the sale, and have therefore failed to satisfy a prerequisite to obtaining a deficiency judgment (see Central Budget Corp. v Garrett, supra). Hence, summary judgment was improvidently granted. Lazer, J. P., Mangano, Bracken and Niehoff, JJ., concur.

Case Details

Case Name: Mack Financial Corp. v. Knoud

Court Name: Appellate Division of the Supreme Court of the State of New York

Date Published: Dec 5, 1983

Citations: 98 A.D.2d 713; 469 N.Y.S.2d 116; 1983 N.Y. App. Div. LEXIS 21016

Court Abbreviation: N.Y. App. Div.