THE CIT GROUP/COMMERCIAL SERVICES, INC. v. GANGLANI


33 A.D.3d 370 (2006)

822 N.Y.S.2d 498

THE CIT GROUP/COMMERCIAL SERVICES, INC., Respondent, v. SUNDER (SANDY) K. GANGLANI, Appellant.

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

Decided October 5, 2006.


The pertinent documents clearly show that defendant unconditionally guaranteed all debts incurred by his principal under a certain factoring agreement with plaintiff, subject to a $150,000 limitation exclusive of costs and attorneys' fees. The J.H.O. properly rejected defendant's vague and conclusory claims that plaintiff collected a substantial sum from the principal and is attempting to recover an indebtedness incurred after the guarantee was terminated. Absent any particulars...

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