MFRS. HANOVER TRUST CO. v. L.N. PROPS. INC.


174 A.D.2d 383 (1991)

Manufacturers Hanover Trust Co., Respondent, v. L.N. Properties Inc. et al., Appellants

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

June 11, 1991


Plaintiff seeks to recover $1,103,027 plus interest from the defendants, based upon a certain note and guarantees executed by the defendants in various capacities, in favor of plaintiff, to secure the payment of a loan in the principal amount of $1,000,000. Defendants do not dispute the existence and execution of the note and guarantees but, in opposition to the plaintiff's motion for summary judgment pursuant to CPLR 3213, raise the defenses of lack of consideration, misapplication...

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