Appellate Division, Second Department · September 16, 2026 · 2026 NY Slip Op 05268
Blade Funding, LLC v Build Retail, Inc.
Read the official decision: 2026 NY Slip Op 05268
Holding The court affirmed the denial of the defendants’ motion to vacate a clerk’s judgment, finding that a minor error in the plaintiff’s name did not prejudice the defendants and that the court had subject matter jurisdiction under General Obligations Law § 5-1402. The court further held that the transaction constituted a purchase of future receivables rather than a usurious loan because repayment was contingent on the merchant’s receipts.
The court’s words
Stipulations of settlement are favored by the courts and not lightly cast aside
2026 NY Slip Op 05268, at the official text
the transactions at issue were purchases of future receivables and not criminally usurious loans
2026 NY Slip Op 05268, at the official text
| Court | Appellate Division, Second Department |
|---|---|
| Decided | September 16, 2026 |
| Citation | 2026 NY Slip Op 05268 |
| Area of law | Contracts and Commercial |
| Week | Week ending September 19, 2026 |
| Official text | Official decision: 2026 NY Slip Op 05268 |
| Publication status | Slip opinions are uncorrected and subject to revision before publication in the Official Reports. |
| Source feed | New York slip opinion page |
| Law Watch record id | 456 |
Recommended citation
ESQ HQ, New York Law Watch, Blade Funding, LLC v Build Retail, Inc., 2026 NY Slip Op 05268 (Appellate Division, Second Department, September 16, 2026), https://esqhq.com/decisions/2026-ny-slip-op-05268/
How this record was made
Holding drafted by Law Watch’s in-house model, graded by three reviewers; every quotation verified word for word against the official text.
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