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GINDI v. FALLAS

146 A.D.2d 559 (1989)

Jack E. Gindi, Respondent, v. Michael M. Fallas, Appellant

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

January 31, 1989

The parties entered into a written agreement by which plaintiff guaranteed defendant's lease to his landlord for commercial property located in the Grand Hyatt Hotel. In consideration of the guarantee, plaintiff was to receive $2,000 per month, payable on the first day of each month during the term of the lease, commencing October 1, 1981. Defendant made payments as required through October 1982 but thereafter defaulted. In a prior...

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