STANDARD INDUS., INC. v. STERNBACH


46 A.D.2d 621 (1974)

Standard Industries, Inc., et al., Appellants, v. Louis Sternbach et al., Individually and as Trustees of Jakob Michael, Respondents

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

October 15, 1974


Appellants shall recover of respondents $40 costs and disbursements of this appeal. It is clear that the option agreements, upon which defendants rely, were both drawn after the date of the loan agreement between Fidelity Bank of Philadelphia and plaintiff, New England Industries, Inc. Plaintiff, Standard Industries, Inc., was a guarantor of the Fidelity loan. The options were subject to loan agreements executed by Standard, which included the Fidelity loan agreement. That...

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