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CHELSEA NAT'L BANK v. LINCOLN PLAZA TOWERS ASSOCS.

61 N.Y.2d 817 (1984)

Chelsea National Bank, Appellant, v. Lincoln Plaza Towers Associates, Respondent.

Court of Appeals of the State of New York.

Decided February 16, 1984.

Attorney(s) appearing for the Case

Bruce N. Lederman and Stanley Alter for appellant.

Edward A. Friedman and David O. Wright for respondent.

Chief Judge COOKE and Judges JASEN, JONES, WACHTLER, MEYER and KAYE concur; Judge SIMONS taking no part.

MEMORANDUM.

The order of the Appellate Division should be affirmed, with costs.

The Appellate Division correctly concluded that defendant's motion to dismiss at the end of the trial should have been granted. Although it is true, as plaintiff argues, that the 1973 guarantee by the partnership of the loan to Lincoln Plaza, Inc., was a continuing guarantee, the partnership...

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