FED. DEPOSIT INS. CORP. v. FRANK L. MARINO CORP.


74 A.D.2d 620 (1980)

Federal Deposit Insurance Corporation, Appellant, v. Frank L. Marino Corp. et al., Defendants, and Joseph Marino et al., Respondents

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

February 19, 1980


Judgment affirmed insofar as appealed from, with $50 costs and disbursements.

The individual defendants (respondents) are guarantors of the obligations of Frank L. Marino Corp. The plaintiff, the receiver of the assets of Franklin National Bank, brought this action to recover on a note executed by Frank L. Marino Corp. and guaranteed by the individual defendants. Collateral security had been posted by the individual defendants. During 1973 the obligor suffered financial...

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