TRIANGLE EXPLORATION & DRILLING CORP. v. SORINA HOLDING


187 A.D.2d 359 (1992)

Triangle Exploration and Drilling Corporation et al., Appellants, v. Sorina Holding, S. A., Respondent

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

November 17, 1992


On November 23, 1983, the plaintiff Triangle Exploration and Drilling Corporation ("Triangle") entered into an agreement ("the Purchase Agreement") with the defendant, pursuant to which the defendant purchased shares of Triangle's stock. The defendant also entered into an agreement ("the Guaranty Agreement") with the other plaintiffs on that date, pursuant to which these plaintiffs guaranteed that any obligation of Triangle under the Purchase Agreement to make a cash payment...

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