FRENCH AM. BANKING CORP. v. DULONG IMPS., INC.


63 A.D.2d 632 (1978)

French American Banking Corporation, Appellant, v. Dulong Importers, Inc., et al., Defendants, and Jean Dulong, Respondent

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

May 25, 1978


Reversed, on the law, insofar as appealed from, and said motion granted. Appellant shall recover of respondent $60 costs and disbursements of this appeal.

Individual defendant Dulong gave a continuing guarantee to plaintiff of $200,000 to cover the account of Dulong Importers. Plaintiff claims that Importers now owes $250,988.67 under a promissory note and $50,000 for the issuance of a letter of credit. Plaintiff now seeks to collect on Dulong's guarantee, under the...

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