Legal Opinion
National Union Fire Insurance v. Clairmont
Appellate Division of the Supreme Court of the State of New York
Decided September 11, 1997PublishedCited by 12 opinions
1Opinion of the Court
OPINION OF THE COURT
Murphy, P. J.
In December 1985, defendants purchased a one-unit interest in Hunters Square Commercial Properties, a limited partnership. Defendants paid for the investment, priced at $84,000, by tendering a check for $5,150 and a promissory note for the remaining $78,850. Payment of the promissory note was guaranteed by plaintiff, which required, as a condition of its guarantee, defendants’ execution of an indemnification and pledge agreement obligating defendants to reimburse plaintiff for any amounts paid out under the guarantee. The indemnification and pledge agreement…
2Cases cited3 opinions
- Rudman v. Cowles Communications, Inc.New York Court of Appeals · 1972
- Ripley v. International Railways of Central AmericaNew York Court of Appeals · 1960
- National Union Fire Insurance v. WilliamsAppellate Division of the Supreme Court of the State of New York · 1996
3Cited by12 opinions
- National Union Fire Insurance Co. of Pittsburgh v. WorleyAppellate Division of the Supreme Court of the State of New York · 1999
- Applehead Pictures LLC v. PerelmanAppellate Division of the Supreme Court of the State of New York · 2010
- 131 Heartland Blvd. Corp. v. C.J. Jon Corp.Appellate Division of the Supreme Court of the State of New York · 2011
- American Home Assurance Co. v. Gemma Construction Co.Appellate Division of the Supreme Court of the State of New York · 2000
- Schonfeld v. ThompsonAppellate Division of the Supreme Court of the State of New York · 1997
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