Legal Opinion
Rhodia, Inc. v. Steel
Appellate Division of the Supreme Court of the State of New York
Decided June 10, 1969PublishedCited by 16 opinions
1Opinion of the Court
Order entered December 11, 1968, unanimously reversed on the law, with $50 costs and disbiusements to the appellant, and the motion for summary judgment in the sum of $15,817.30 plus interest is granted; The unconditional guarantee is an instrument for the payment of money only within the meaning of CPLR 3213. (Seaman-Andwall Corp. v. Wright Mach. Corp., 31 A D 2d 136.) The defenses sought to be asserted are insufficient as a matter of law. The defense of economic duress is without factual .basis. The defense based on defects in the merchandise sold to the principal debtor is not available to…
2Cases cited1 opinion
- Elliott v. . BradyNew York Court of Appeals · 1908
3Cited by16 opinions
- Interman Industrial Products, Ltd. v. R. S. M. Electron Power, Inc.New York Court of Appeals · 1975
- European American Bank v. LofreseAppellate Division of the Supreme Court of the State of New York · 1992
- Maglich v. Saxe, Bacon & Bolan, P. C.Appellate Division of the Supreme Court of the State of New York · 1983
- Barclays Bank of New York v. GoldmanDistrict Court, S.D. New York · 1981
- First Interstate Credit Alliance, Inc. v. SokolAppellate Division of the Supreme Court of the State of New York · 1992
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