WEINGER v. A.V.N.T. REALTY INVESTORS, INC.


128 A.D.2d 704 (1987)

Norman Weinger et al., Respondents, v. A.V.N.T. Realty Investors, Inc., et al., Defendants, and Monica L. Smith, Defendant and Third-Party Plaintiff-Appellant. Chase Manhattan Bank, N. A., Third-Party Defendant-Respondent

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

March 16, 1987


Ordered that the judgment is affirmed insofar as appealed from, with costs.

We find that the appellant was not discharged from her obligations under a written guarantee of payment and that she is liable to the plaintiffs in the principal amount of $100,000 pursuant to the unambiguous terms of that guarantee.

We further hold that the appellant defaulted under her loan agreement with third-party defendant Chase when she pledged her shares in her cooperative...

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