BARCLAYS BANK OF NEW YORK v. HEADY ELEC. CO., INC.


174 A.D.2d 963 (1991)

Barclays Bank of New York, N. A., Appellant, v. Heady Electric Company, Inc., et al., Respondents

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

June 27, 1991


Harvey, J.

On December 30, 1983, defendant Heady Electric Company, Inc., by its president, defendant Brian T. Heady (hereinafter Heady), executed a secured note in favor of plaintiff in the amount of $150,000. Heady and his wife, defendant Coral A. Heady, also executed a guarantee agreement in conjunction with this transaction. The proceeds of this note and the others that followed were rolled over and eventually consolidated in a note executed on July...

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