Banque Indosuez v. Trifinery

817 F.Supp. 386 (S.D.N.Y. 1993)

Free access to 20,000 Casebriefs

Holding & Decision

The court's holding and decision will be displayed here.

Nature Of The Case

This section contains the nature of the case and procedural background.

Facts

Trifinery (D) executed a promissory note to P. It was guaranteed by defendant Brass. Ds do not dispute that they are liable under the note but claim that summary judgment is improper in that they have a viable set-off claim which they have taken under a counterclaim in the present action. Ds contend they have paid P all that is due under the note except their valid set-off of $461,236.64. Ds contend that the entry of summary judgment is improper when the value of the counterclaim is uncertain. P contends that Ds have no right to assert a counterclaim as the terms of the note itself prohibit such actions. P contends that D waived the right to assert a counterclaim and that summary judgment is proper.

Issues

The legal issues presented in this case will be displayed here.

Legal Analysis

Legal analysis from Dean's Law Dictionary will be displayed here.

© 2007-2025 ABN Study Partner

© 2025 Casebriefsco.com. All Rights Reserved.