Royal Business Funds Corp. v. Ehrlich

This is a motion by plaintiff for summary judgment on defendant’s written guarantee of a $750,000 loan.

In July, 1968 a loan agreement was entered into between plaintiff Royal Business Funds .Corporation (Royal) and J. A. Maurer, Inc. (Maurer). The loan was secured by Maurer’s collateral pledge agreement covering all the outstanding stock of Precision Film Laboratories, Inc. (Precision) and Abrams Instrument Corp. (Abrams), both wholly owned subsidiaries of Maurer. The outstanding stock of Maurer, held by defendant Daniel R. Ehrlich .(Ehrlich) and his two daughters, was pledged as additional…