CMTY. NAT'L BANK & TRUST CO. OF NEW YORK v. C & F LIBERTY CORP.


35 A.D.2d 925 (1970)

Community National Bank and Trust Company of New York, Appellant v. C & F Liberty Corp. et al., Respondents

Appellate Division of the Supreme Court of the State of New York, First Department.

December 8, 1970


Appellant shall recover of respondents $50 costs and disbursements of this appeal. The action is against the individual defendants-respondents on their guarantee of a loan made by plaintiff-appellant to the corporate defendant-respondent. Special Term found "an issue of fact on release of collateral security" based on defendants' claim that the release by plaintiff of a portion thereof without permission from defendants vitiated the guarantee. However, the security agreement...

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