HUDSON VALLEY PAPER CO. v. LA BELLE


173 A.D.2d 1098 (1991)

Hudson Valley Paper Company, Appellant, v. Charles F. La Belle, Respondent

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

May 30, 1991


Mercure, J.

Defendant is the chief executive officer and a majority shareholder of Bell Offset, Inc., a printing concern which purchased the bulk of its paper goods from plaintiff. On April 1, 1987, defendant executed an instrument whereby, "[i]n order to induce [plaintiff] to give and continue to give to [Bell Offset] credit * * * and in consideration of any credit given, [defendant] absolutely and unconditionally guarantee[d] prompt payment when due...

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