TEITELBAUM v. MORDOWITZ


248 A.D.2d 161 (1998)

669 N.Y.S.2d 811

Jenny Teitelbaum, Respondent, v. Abraham M. Mordowitz, Appellant, et al., Defendant

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

March 10, 1998


The three writings on which plaintiff relies clearly constitute a continuing obligation by defendant personally to guarantee repayment of plaintiff's $220,000 loan given to certain real estate projects with which defendant was associated. All three writings recite the same $220,000 loan, and do not lack consideration simply because they were not executed contemporaneously with the loan. Consideration for a guarantee can be past or executed, where, as here, the guarantee recites...

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