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Daniel J. Suits v. Paul G.H. Suits, Respondent Daniel J. Suits v. Frank H. Suits, Jr.
Opinions in this case
- Majority
- Dissent — Scudder
—Order affirmed without costs. Memorandum: We affirm for reasons stated in the decision at Supreme Court (Tormey, III, J.). We add that, where the basis for acceleration of a debt evidenced by an installment note “is trivial or inconsequential, the forfeiture may be viewed as an unconscionable penalty and equitable principles come into pla/’ (Tunnell Publ. Co. v Straus Communications, 169 AD2d 1031, 1032).
Inasmuch as plaintiff would not have been prejudiced by acceptance of defendants’ tender of a cure, the court properly concluded that plaintiffs refusal to accept a cure and attempted enforcement of the acceleration clause were unconscionable (cf., Fifty States Mgt. Corp. v Pioneer Auto Parks, 46 NY2d 573, 579, rearg denied 47 NY2d 801). All concur except Scudder, J., who dissents and votes to reverse in the following Memorandum.
