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MIKOR REALTY & DEV. CORP. v. FLEET BANK

210 A.D.2d 157 (1994)

620 N.Y.S.2d 354

Mikor Realty and Development Corp., Appellant, v. Fleet Bank et al., Respondents

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

December 22, 1994

The complaint was properly dismissed since plaintiff guarantor "absolutely and unconditionally" guaranteed to secure two personal notes of its president and his business associate. The guarantee was not contingent upon the bank's agreement to grant a new $1 million line of credit, and the bank's letter forwarding the guarantee and hypothecation agreement did not constitute a contract limiting plaintiff's obligations under the guarantee...

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