UNITED STATES TRUST CO. OF NEW YORK v. SEC. PLANNERS, INC.


238 A.D.2d 114 (1997)

655 N.Y.S.2d 42

United States Trust Company of New York, Appellant, v. Securities Planners, Inc., Respondent

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

April 1, 1997


This action concerns the terms of defendant's guaranty of payment for rent on office space, and plaintiff's attempt to obtain payment under that guaranty. Defendant submitted no brief on this appeal, but argued in the IAS Court that its president had understood the guaranty to be limited to a particular sum, far less than the amount sought. The guaranty contains no such limitation. Rather, it provides that it is an "absolute, continuing and unconditional guaranty of payment...

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