Republic Business Credit Corp. v. Camhe-Marcille

The opinion of the court was delivered by

COBURN, P.J.A.D.

Morris Camhe, Neil Cohen and Rick Cucinotta were equal principals in two corporations and co-guarantors on $2,233,535.12 in notes the corporations had given to Republic Business Credit Corporation. After the corporations defaulted and Camhe died, Republic sued Camhe’s estate on the deceased’s guarantee and obtained a $900,000 settlement.2 The estate then brought the present action against Cohen and Cucinotta for contribution, alleging that its payment exceeded Camhe’s proportionate share of the debt. On the estate’s motion, the trial…