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TenKay

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TenKay

Re: Badge04 post# 69872

Thursday, 05/24/2018 9:03:57 PM

Thursday, May 24, 2018 9:03:57 PM

Post# of 192133
“The lawsuit is frivolous and if not quickly withdrawn will result in a counter suit....at which point both will be withdrawn.”

Yet they are using a defense that has not had much success.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=141062025

“A corporation is prohibited from asserting the defense of civil usury (see General Obligations Law § 5-521; Schneider v Phelps, 41 NY2d 238, 242 [1977]; Tower Funding v Berry Realty, 302 AD2d 513, 514 [2003]).”

Arbuzova v Skalet
2012 NY Slip Op 01418 [92 AD3d 816]
February 21, 2012
Appellate Division, Second Department
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