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32 Misc. 2d 431

Regent Discount Corp. v. Ortiz

New York Supreme Court

Decided February 9, 1961

New York Supreme Court · decided 1961-02-09

Relies on Interstate Ice & Power Corp. v. United States Fire Insurance

Decided 1961-02-09

Per Curiam.

¶1The circumstances herein show a retaking of the television set by virtue of the conditional sales contract, making operative the provisions of the Personal Property Law, and not an acquisition by reason of a new agreement superseding such sales contract. The retaining of the set since August, 1958, without exercising the privilege of resale releases *432the purchaser from further liability under the sales contract (Eager, Chattel Mortgages and Conditional Sales [Perm, ed.], § 415, p. 544; see, also, Interstate Ice & Power Corp. v. United States Fire Ins. Co., 243 N. Y. 95, 99).

¶2The judgment should be reversed, with $30 costs, and judgment directed for the defendant, with costs.

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