Legal Opinion

Federal Deposit Insurance v. Salesmen Unlimited Agency Corp.

Appellate Division of the Supreme Court of the State of New York

Decided March 20, 1978PublishedCited by 6 opinions

1Opinion of the Court

In an action on a promissory note and against guarantors of that note, plaintiff appeals from so much of an order of the Supreme Court, Nassau County, dated August 24, 1977, as denied its motion for summary judgment. Order reversed insofar as appealed from, on the law, with $50 costs and disbursements, and motion for summary judgment granted. In early 1974 defendant Salesmen Unlimited Agency Corp. executed and delivered a promissory note payable to the order of the Franklin National Bank (Franklin) in the amount of $25,000. Unconditional written guarantees of the obligation were executed by…

2Cases cited5 opinions

  1. Ehrlich v. American Moninger Greenhouse Manufacturing Corp.New York Court of Appeals · 1970
  2. Buoninfante v. HoffmanAppellate Division of the Supreme Court of the State of New York · 1975
  3. North Broadway Funding Corp. v. FreedAppellate Division of the Supreme Court of the State of New York · 1974
  4. Pincus v. W. B. Associates, Inc.Appellate Division of the Supreme Court of the State of New York · 1976
  5. Orens v. Pel's Food, Inc.Appellate Division of the Supreme Court of the State of New York · 1976

3Cited by6 opinions

  1. Federal Deposit Insurance v. HyerAppellate Division of the Supreme Court of the State of New York · 1979
  2. Kaye v. KeretAppellate Division of the Supreme Court of the State of New York · 1982
  3. Tower Funding, Ltd. v. David Berry Realty, Inc.Appellate Division of the Supreme Court of the State of New York · 2003
  4. Federal Deposit Insurance v. Cristo Realty, Inc.Appellate Division of the Supreme Court of the State of New York · 1979
  5. K.P. Associates v. D'AgostinoAppellate Division of the Supreme Court of the State of New York · 1994

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