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MFRS. HANOVER TRUST CO. v. RESTIVO

169 A.D.2d 413 (1991)

Manufacturers Hanover Trust Company, Respondent, v. Louis D. Restivo et al., Defendants, and Angelo Moronese et al., Appellants, et al., Counterclaim Defendants. (And a Third-Party Action.)

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

January 8, 1991

As here pertinent, the defendants Angelo, Ann, Agostino and Nicholas Moronese executed unconditional and continuing guarantees of payment of all existing and future indebtedness of Augie Restivo Baking Company, Ltd. to the plaintiff Manufacturers Hanover Trust Company (MHT). The Moroneses' claims that an MHT representative fraudulently represented that their guarantees were temporary and conditional upon MHT's advancing sufficient...

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