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REPUBLIC NAT'L BANK OF NEW YORK v. HADDAD

121 A.D.2d 986 (1986)

Republic National Bank of New York, Appellant-Respondent, v. David Haddad, Respondent-Appellant

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

July 31, 1986

In May 1977, respondent executed the first of nine standard-form guarantees, in favor of appellant, for the debts and obligations of Adam Creations, Inc. (Adam). The guarantees, each with a successive expiration date and different liability limit, were executed for the purpose of inducing appellant to extend further credit to Adam. The last of these guarantees was executed on October 14, 1981.

Each of these standard-form...

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