Merchants Bank v. Stahl

—Order and judgment (one paper), Supreme Court, New York County (Elliott Wilk, J.), entered January 12, 1999, which granted plaintiffs motion for summary judgment and awarded it a total sum of $108,701.10, unanimously affirmed, without costs.

Given the terms of the guaranty executed by defendant, plaintiff lender’s failure to perfect its security interest in certain collateral allegedly including intellectual property and general intangibles would not, even if such property existed, relieve defendant of his obligations as guarantor (see, Executive Bank v Tighe, 54 NY2d 330, 333). We do not…