General Bank v. Mark II Imports, Inc.

Order, Supreme Court, New York County (Ira Gammerman, J.), entered January 16, 2001, which, in an action to recover the outstanding balance due on a note and loan documents executed by the corporate defendant and the individual defendants’ guarantees thereof, insofar as appealed from as limited by the briefs, granted plaintiffs motion for summary judgment on the issue of liability and dismissed defendants’ counterclaims, unanimously affirmed, without costs.

The guarantors’ claim that they were fraudulently induced to enter into the subject lending relationship by plaintiffs promise to…