MARINE MIDLAND BANK v. LAKE HUNTINGTON DEV. GROUP, INC.


185 A.D.2d 395 (1992)

Marine Midland Bank N.A., Respondent, v. Lake Huntington Development Group, Inc., Appellant, et al., Defendants. (And Two Other Related Actions.)

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

July 9, 1992


Casey, J.

These three actions arise out of a 1987 financing transaction whereby Lake Huntington Development Group, Inc. (hereinafter Lake Huntington) executed a note and mortgage in favor of Marine Midland Bank N.A. (hereinafter the Bank) and four individuals executed personal guarantees. In January 1990 Lake Huntington commenced an action against the Bank to rescind the note and mortgage, and the following month the individual guarantors commenced an...

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