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FIRST NAT'L BANK OF HIGHLAND v. BURLEY

162 A.D.2d 910 (1990)

First National Bank of Highland, Respondent, v. Mary H. Burley, Appellant

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

June 28, 1990

Mercure, J.

On September 7, 1982, defendant executed and delivered to plaintiff an unlimited loan guarantee agreement whereby she guaranteed payment of all past and future indebtedness of Burley Machinery, Inc. (hereinafter Burley) to plaintiff. Burley had previously filed a petition under chapter 11 of the Bankruptcy Act (11 USC ch 11) and the proceeding was pending in Bankruptcy Court at the time. On February 16, 1983, Burley borrowed $53,000 from plaintiff...

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