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ELLENVILLE NAT'L BANK v. FREUND

200 A.D.2d 827 (1994)

606 N.Y.S.2d 415

Ellenville National Bank, Respondent, v. Leopold Freund et al., Individually and Doing Business as Jilly Associates, Appellants

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

January 6, 1994

Yesawich Jr., J.

Plaintiff brought this action to recover on a promissory note in the amount of $250,000. This note, signed December 28, 1990, renewed defendants' obligation on a previous note, which had been executed on December 1, 1989 in consideration for a loan made by plaintiff to defendants on that date, and an associated guarantee executed by the individual defendants. The renewal note (hereinafter...

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