In this action on a continuing guarantee, plaintiff bank's motion for summary judgment was denied by IAS on the ground that an issue of fact exists as to whether the guarantee was terminated before the $1.5 million in liabilities sued upon herein were incurred. The guarantee states that it can be terminated by defendant guarantor upon "written notice delivered to the Bank and duly receipted for by it." In opposition to plaintiff's motion for summary judgment, and in order...
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