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MEINHARD COMMERCIAL CORP. v. SAUL

146 A.D.2d 537 (1989)

Meinhard Commercial Corp., Respondent, v. Neil B. Saul, Defendant, and Joseph R. Getz, Appellant

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

January 26, 1989

In this action plaintiff alleges that in September 1983 it entered into a factoring agreement with Bodyguard Industries, Inc. for advances against accounts receivable. Defendant Getz guaranteed the factoring agreement to the extent of $75,000 by an agreement dated September 1, 1983. Said agreement guaranteed "all indebtedness and obligations" of Bodyguard. When Bodyguard defaulted on its obligations, plaintiff sued the defendant...

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