Legal Opinion
Movado Group, Inc. v. Presberg
Appellate Division of the Supreme Court of the State of New York
Decided March 23, 1999PublishedCited by 5 opinions
1Opinion of the Court
Order, Supreme Court, New York County (Richard Lowe, III, J.), entered March 6, 1998, which denied plaintiffs motion for summary judgment on defendant’s personal guaranty, unanimously reversed, on the law, without costs, and the motion granted for judgment in the amount of $31,722.96, plus interest. The Clerk is directed to enter judgment accordingly.
An extension of credit is ample consideration for the execution of a guaranty (Sun Oil Co. v Heller, 248 NY 28; First Am. Bank v Builders Funding Corp., 200 AD2d 946, 948). Defendant’s promise to pay all of his company’s debts to plaintiff on an…
2Cases cited6 opinions
- Sun Oil Co. v. HellerNew York Court of Appeals · 1928
- Henry McShane Co. v. PadianNew York Court of Appeals · 1894
- American Bank & Trust Co. v. LichtensteinAppellate Division of the Supreme Court of the State of New York · 1975
- American Bank & Trust Co. v. LichtensteinNew York Court of Appeals · 1976
- First American Bank v. Builders Funding Corp.Appellate Division of the Supreme Court of the State of New York · 1994
1 more not listed; retrieve them via the Exa API.
3Cited by5 opinions
- Genger v. GengerDistrict Court, S.D. New York · 2015
- Rheem Manufacturing Co. v. Progressive Wholesale Supply Co.Missouri Court of Appeals · 2000
- Kreuter v. TsucalasAppellate Division of the Supreme Court of the State of New York · 2001
- Pollak v. Lincoln Center for Performing ArtsAppellate Division of the Supreme Court of the State of New York · 2000
- ABR Wholesalers, Inc. v. KingAppellate Division of the Supreme Court of the State of New York · 2019