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CARDARELLI v. SCODEK CONSTRUCTION CORPORATION

304 A.D.2d 894 (2003)

758 N.Y.S.2d 188

ANTHONY L. CARDARELLI, Respondent, v. SCODEK CONSTRUCTION CORPORATION et al., Appellants.

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

Decided April 3, 2003.

Crew III, J.

Between January 1993 and May 1993, Martin Monaco, then vice-president of defendant Scodek Construction Corporation, advanced certain moneys to the financially troubled corporation. In response, defendant William Decker, Scodek's president, executed two promissory notes in favor of Monaco— one dated January 26, 1993 in the amount of $25,000 and one dated May 5, 1993 in the amount of $47,000. Decker personally guaranteed the payment of both notes...

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