Barclays Bank of New York v. Heady Electric Co.
Appellate Division of the Supreme Court of the State of New York
1Opinion of the Court
—Harvey, J.
Appeal (transferred to this court by order of the Appellate Division, Second Department) from an order of the Supreme Court (Jiudice, J.), entered September 5, 1990 in Dutchess County, which inter alia, partially granted plaintiff’s motion for summary judgment.
On December 30, 1983, defendant Heady Electric Company, Inc., by its president, defendant Brian T. Heady (hereinafter Heady), executed a secured note in favor of plaintiff in the amount of $150,000. Heady and his wife, defendant Coral A. Heady, also executed a guarantee agreement in conjunction with this transaction. The…
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