Legal Opinion
Chemical Bank v. Kaufman
Appellate Division of the Supreme Court of the State of New York
Decided July 14, 1988PublishedCited by 14 opinions
1Opinion of the Court
— Order of the Supreme Court, New York County (David H. Edwards, Jr., J.), entered November 24, 1987, denying the motion of plaintiff Chemical Bank for summary judgment, is unanimously reversed, on the law, and the motion granted, with costs and disbursements payable to plaintiff.
Plaintiff Chemical entered into a factoring agreement with Longfellow Industries to purchase the latter’s accounts receivable. On the date of that agreement, 3 of the 4 shareholders, directors and officers of Longfellow, the defendants herein, Signed individual personal guarantees of the corporation’s indebtedness.…
2Cases cited4 opinions
- Mencher v. WeissNew York Court of Appeals · 1953
- Marine Midland Bank-Southern v. ThurlowNew York Court of Appeals · 1981
- Rosenman Colin Freund Lewis & Cohen v. NeumanAppellate Division of the Supreme Court of the State of New York · 1983
- Meadow Brook National Bank v. BzuraAppellate Division of the Supreme Court of the State of New York · 1964
3Cited by14 opinions
- Bank Leumi Trust Co. v. D'Evori International Inc.Appellate Division of the Supreme Court of the State of New York · 1990
- PNC Capital Recovery v. Mechanical Parking Systems, Inc.Appellate Division of the Supreme Court of the State of New York · 2001
- Scott v. KeycorpAppellate Division of the Supreme Court of the State of New York · 1998
- Chemical Bank v. Bruce MastersAppellate Division of the Supreme Court of the State of New York · 1991
- Florence Corp. v. Penguin Construction Corp.Appellate Division of the Supreme Court of the State of New York · 1996
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