Appellate Division of the Supreme Court of New York, First Department.
Plaintiff's motion for summary judgment in lieu of complaint should have been denied. The guaranty was not "absolute and unconditional" and contained no waiver of defenses, as distinguished from the guaranties at issue in Royal Equities Operating, LLC v Rubin (154 A.D.3d 516, 517 [1st Dept 2017]), relied upon by the motion court. Defendant adequately raised a failure of consideration defense...
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