In 1981, defendant guaranteed a loan to a corporation of which he was president extended by plaintiff's predecessor in interest, which loan was repaid in March 1982. In September 1986, the corporation defaulted on a second loan extended by plaintiff, giving rise to this action against defendant as guarantor. A motion for summary judgment by plaintiff was successfully opposed by defendant on the ground that he had revoked the 1981 guarantee in a letter sent to plaintiff, dated...
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