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UNION CHELSEA NAT'L BANK v. PGA MKTG. LTD.

166 A.D.2d 369 (1990)

Union Chelsea National Bank, Respondent, v. PGA Marketing Ltd. et al., Appellants

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

October 30, 1990

In February 1985, defendants Sheldon and Howard Golub commenced a business relationship with plaintiff by execution and delivery to the plaintiff bank of unconditional and continuing guarantees of defendant PGA's obligations to plaintiff. The terms of the guarantees were such that they would obligate the individual guarantors for all future loans to PGA Marketing Ltd. until such time as plaintiff bank received written notice of the guarantors' discontinuance as to future...

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