Discuss case of roy lippman v dime savings bank of new york

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Reference no: EM131494475

Question: Lippman owned a cooperative apartment on 93rd Street in New York City. Dime Savings, which had loaned money to Lippman, declared the loan in default. Lippman tried to sublease his apartment, but the cooperative corporation refused to give him permission, claiming that it had a right to do so because the cooperative lease for each tenant provided that the cooperative board had an unlimited right to withhold its consent to a sublease. Lippman sued the bank and the cooperative corporation, claiming he should have the right to sublease. Is he correct? (Roy Lippman v. Dime Savings Bank of New York, FSB, et al., 691 N.Y.S.2d 437)

Reference no: EM131494475

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