LI TRUST CO. v. INT'L


38 N.Y.2d 493 (1976)

Long Island Trust Company, Respondent, v. International Institute for Packaging Education, Ltd., et al., Defendants, and Marty Rochman et al., Appellants.

Court of Appeals of the State of New York.

Decided January 8, 1976.


Attorney(s) appearing for the Case

Earle K. Moore and William M. Guttman for appellants.

C. Gayden Wren for respondent.

Judges GABRIELLI, WACHTLER and COOKE concur with Judge JASEN; Chief Judge BREITEL dissents and votes to affirm in a separate opinion in which Judges JONES and FUCHSBERG concur.


JASEN, J.

In this action on a promissory note, the question presented for our review is whether the appellants, individual guarantors of a corporate obligation, may interpose as a defense on the guarantee an alleged oral agreement that the guarantee would not become effective until the payee procured the guarantee of other specific persons as coguarantors. On this motion for summary judgment, plaintiff bank,...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases