Synthetic Materials Corp. v. Maciel

1. It is clear from the unmodified language (particularly the opening clause of the second paragraph) of the writing admittedly executed by the defendants on July 21, 1977, that that writing constituted an absolute guaranty of specifically described obligations of Thames, Ltd. (Thames), as opposed to an offer to guarantee those obligations. It follows that the plaintiff was not required to notify the defendants of its acceptance of the guaranty or to demonstrate that it relied thereon in subsequently extending credit to Thames. Paige v. Parker, 8 Gray 211, 214 (1857). Lennox v. Murphy, 171…