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MFRS. & TRADERS TRUST CO. v. MEGA-B, INC.

169 A.D.2d 632 (1991)

Manufacturers and Traders Trust Company, Appellant-Respondent, v. Mega-B, Inc., Appellant, and Arnold Fader, Respondent. Manufacturers and Traders Trust Company, Respondent-Appellant, v. Elizabeth Weiss, Appellant-Respondent

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

January 29, 1991

On September 10, 1986, plaintiff bank loaned $450,000 to defendant Mega-B, Inc., pursuant to a promissory note signed by Elizabeth Weiss in her capacity as secretary/director of the corporation, which loan was personally guaranteed by defendant Arnold Fader in a general guarantee executed September 4, 1986. On February 10, 1987, plaintiff loaned $250,000 pursuant to a demand promissory note signed by Elizabeth Weiss individually...

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