Legal Opinion

Vali Industries, Inc. v. Mega Builders, Inc.

Appellate Division of the Supreme Court of the State of New York

Decided March 20, 2013Published

1Opinion of the Court

In an action to recover on a promissory note and personal guaranty, the plaintiff appeals from an order of the Supreme Court, Nassau County (Murphy, J.), dated May 1, 2012, which denied its motion for summary judgment on the complaint.

*844Ordered that the order is affirmed, with costs.

“To make a prima facie showing of entitlement to judgment as a matter of law in an action to recover on a note, and on a guaranty thereof, a plaintiff must establish ‘the existence of a note and guaranty and the defendants’ failure to make payments according to their terms’ ” (JPMorgan Chase Bank, N.A. v Galt Group,…

2Cases cited6 opinions

  1. Winegrad v. New York University Medical CenterNew York Court of Appeals · 1985
  2. Verela v. Citrus Lake Development, Inc.Appellate Division of the Supreme Court of the State of New York · 2008
  3. Superior Fidelity Assurance, Ltd. v. SchwartzAppellate Division of the Supreme Court of the State of New York · 2010
  4. Frankini v. Landmark Construction of Yonkers, Inc.Appellate Division of the Supreme Court of the State of New York · 2012
  5. JPMorgan Chase Bank v. Galt Group, Inc.Appellate Division of the Supreme Court of the State of New York · 2011

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