Plaintiffs claim that in 1993 they entered into certain contracts with defendant guarantor's codefendant that contained buyout options, and seek to hold the guarantor liable for the codefendant's failure to make payment when plaintiffs purported to exercise the buyout options in 1996. By its terms, the guarantee, which was given in 1993 shortly before the alleged formation of the contracts containing the buyout options, was a continuing one of payment of all sums due or to...
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