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BANK OF NEW YORK v. BERSANI

90 A.D.2d 302 (1982)

Bank of New York, Respondent, v. Henry A. Bersani, Appellant

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

December 17, 1982

Attorney(s) appearing for the Case

Coulter, Fraser, Ames, Bolton, Bird & Ventre (Henry S. Fraser of counsel), for appellant.

Costello, Cooney & Fearon (Bruce B. Roswig of counsel), for respondent.

DILLON, P. J., DENMAN, BOOMER and SCHNEPP, JJ., concur.

CALLAHAN, J.

The issue presented for resolution, not heretofore considered in New York, is the question of when a cause of action accrues for Statute of Limitations purposes against an indorser and guarantor for another of payment on a demand promissory note under the Uniform Commercial Code.

This question arose out of a loan made by plaintiff's predecessor bank, Metropolitan National Bank of Syracuse, to the Onondaga County Democratic Committee...

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