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Citicorp USA, Inc. v. PM Holdings, LLC

Appellate Division of the Supreme Court of New York, First Department
May 11, 2006
29 A.D.3d 363 (N.Y. App. Div. 2006)

Opinion

8495, 8495A.

May 11, 2006.

Order, Supreme Court, New York County (Karla Moskowitz, J.), entered January 13, 2006, which denied defendant Morton's motion for summary judgment dismissing the complaint, and order, same court and Justice, entered on or about January 13, 2006, which granted plaintiff's motion for summary judgment, unanimously affirmed, with costs.

Law Offices of Michael A. Freeman, New York (Michael A. Freeman of counsel), for appellant.

Wollmuth Maher Deutsch LLP, New York (Mathew B. West of counsel), for respondent.

Before: Buckley, P.J., Saxe, Nardelli, Gonzalez and Catterson, JJ., concur.


Morton's guaranty is absolute and unconditional, and waives "[a]ny and all defenses to payment." This precludes his argument that the November 2001 amendment to the loan agreement impermissibly modified the guaranty ( see 117-14 Union Turnpike Assoc. v. County Dollar Corp., 187 AD2d 357). Were we to reach that argument, we would uphold his advance consent in the guaranty to any modifications or amendments of the loan agreement ( see Banque Worms v. Andre Café, 183 AD2d 494).


Summaries of

Citicorp USA, Inc. v. PM Holdings, LLC

Appellate Division of the Supreme Court of New York, First Department
May 11, 2006
29 A.D.3d 363 (N.Y. App. Div. 2006)
Case details for

Citicorp USA, Inc. v. PM Holdings, LLC

Case Details

Full title:CITICORP USA, INC., Respondent, v. PM HOLDINGS, LLC, et al., Defendants…

Court:Appellate Division of the Supreme Court of New York, First Department

Date published: May 11, 2006

Citations

29 A.D.3d 363 (N.Y. App. Div. 2006)
2006 N.Y. Slip Op. 3691
813 N.Y.S.2d 659