November 28, 2017

Promissory notes and contract law.

Practice point:   Where there is a valid contract, a plaintiff cannot recover in quasi contract for events arising out of the same subject matter.

Student note:  A promissory note is enforceable under the traditional principles of contract law.

Case:  Amrusi v. Nwaukoni, NY Slip Op 07970 (2d Dep't November 16, 2017)

Here is the decision.