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MERCHANTS BANK OF NEW YORK v. STAHL

269 A.D.2d 236 (2000)

702 N.Y.S.2d 813

MERCHANTS BANK OF NEW YORK, Respondent, v. CURT STAHL, Appellant.

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

Decided February 15, 2000.

Given the terms of the guaranty executed by defendant, plaintiff lender's failure to perfect its security interest in certain collateral allegedly including intellectual property and general intangibles would not, even if such property existed, relieve defendant of his obligations as guarantor (see, Executive Bank v Tighe, 54 N.Y.2d 330, 333). We do not reach the argument that the lender violated an implied covenant of good faith...

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