Order unanimously reversed, with costs, and motion granted.
Memorandum:
Corporate defendant executed a promissory note to plaintiff in the amount of $42,000 at 9.5% interest for purchase of start-up inventory. Individual defendants simultaneously executed a guarantee. The note provided that the unpaid balance would accelerate and become due upon, inter alia, respondent's default in payment of any installment. It is conceded that from June 25, 1977,...
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