In this action on a guarantee, plaintiff supplied the money for the purchase of a hotel and received guarantees from defendant, the owners of the hotel and two individuals. The parties anticipated that the Netherlands Antilles would later guarantee the loan and that their guarantees would be for the interim period. The hotel management used plaintiff's branch in Aruba for extensions of credit in its day-to-day operations. Later, on foreclosure, the Antillean government repurchased...
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