MIDDLE EAST BANK, NEW YORK BRANCH v. PIQUANTE SPORTSWEAR, INC.


207 A.D.2d 261 (1994)

615 N.Y.S.2d 994

Middle East Bank, New York Branch, Respondent, v. Piquante Sportswear, Inc., Defendant, and Arun C. Sarkar, Appellant

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

August 4, 1994


Appellant's assertion that plaintiff told him that the instrument sued upon was not a guarantee but a security agreement replacing another that plaintiff had misplaced did not raise a genuine issue whether appellant had been fraudulently misled into signing the guarantee. Appellant is an experienced businessperson familiar with bank security agreements, and the word "guaranty" appears many times on the document in question. As the IAS Court found, the fact issue appellant...

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