Legal Opinion
Key Bank, N. A. v. Ryan
Appellate Division of the Supreme Court of the State of New York
Decided December 17, 1987PublishedCited by 3 opinions
1Opinion of the Court
OPINION OF THE COURT
Levine, J.
In October 1983, defendants, each of whom was either an officer or director of Heritage Artists, Ltd., executed and acknowledged an unconditional guarantee of payment of all existing or future extensions of credit by plaintiff to Heritage. The instrument provided that the guarantee was to be a continuing one, but that any individual guarantor could terminate liability as to any new extension of credit by prior notice to plaintiff in writing. It was further specified that the guarantors consented to any alteration, exchange, renewal, extension or release of…
2Cases cited7 opinions
- Zuckerman v. City of New YorkNew York Court of Appeals · 1980
- Chemical Bank v. SeplerNew York Court of Appeals · 1983
- Sterling National Bank & Trust Co. v. I. S. A. Merchandising Corp.Appellate Division of the Supreme Court of the State of New York · 1982
- National Bank of North America v. ChuNew York Court of Appeals · 1979
- National Bank of North America v. ChuAppellate Division of the Supreme Court of the State of New York · 1978
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3Cited by3 opinions
- Confidence Transporation Inc. v. BuckAppellate Division of the Supreme Court of the State of New York · 1995
- Downes v. AranAppellate Division of the Supreme Court of the State of New York · 1996
- Litvinov v. HodsonAppellate Division of the Supreme Court of the State of New York · 2010