FED. DEPOSIT INS. CORP. v. SALESMEN UNLIMITED AGENCY CORP.


61 A.D.2d 1023 (1978)

Federal Deposit Insurance Corporation, Appellant, v. Salesmen Unlimited Agency Corp. et al., Respondents

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

March 20, 1978


Order reversed insofar as appealed from, on the law, with $50 costs and disbursements, and motion for summary judgment granted. In early 1974 defendant Salesmen Unlimited Agency Corp. executed and delivered a promissory note payable to the order of the Franklin National Bank (Franklin) in the amount of $25,000.

Unconditional written guarantees of the obligation were executed by defendants V. I. P. Personnel Associates, Ltd., Arthur Abrams and Joseph Schupler. Abrams...

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