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BANK LEUMI TRUST CO. OF NEW YORK v. BARON-FELDMAN, LTD.

192 A.D.2d 395 (1993)

596 N.Y.S.2d 367

Bank Leumi Trust Company of New York, Respondent, v. Baron-Feldman, Ltd., et al., Appellants

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

April 15, 1993

This is an action upon two promissory notes executed and delivered to plaintiff by defendant corporation, payment of which was purportedly guaranteed by the latter's three individual defendant principals: a so-called "grid note" in the sum of $350,000, dated September 27, 1990; and a so-called "discount note" in the sum of $700,000, dated April 11, 1991. The IAS Court concluded that defendants had raised a triable issue with respect...

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