{"id":36921,"date":"2008-03-26T16:35:41","date_gmt":"2008-03-26T21:35:41","guid":{"rendered":"https:\/\/content.findlaw-admin.com\/ability-legal\/uncategorized\/guaranty.html"},"modified":"2008-03-26T16:35:41","modified_gmt":"2008-03-26T21:35:41","slug":"guaranty","status":"publish","type":"corporate","link":"https:\/\/corporate.findlaw.com\/litigation-disputes\/guaranty.html","title":{"rendered":"Guaranty"},"content":{"rendered":"
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Saxony Ice Co. v. Little Mary's American Bistro<\/i>, 1997 WL 674945 (N.Y.A.D. 10\/27\/97). GUARANTY – How could anyone sue a lessee with a name like that? Anyway, the guaranty was signed by the corporate president. There will be a trial on the issue of whether there was adequate consideration – Apparently, the president was not an owner of the business and the issue is whether she received anything of value for signing the guaranty. Good question: Is a corporate officer a proper guarantor without some showing of additional consideration for executing the guaranty (such as a payment by the lessee or an acknowledgement that the success of the business is in the direct financial interest of the guarantor)?<\/p><\/div>","protected":false},"excerpt":{"rendered":"

Saxony Ice Co. v. Little Mary’s American Bistro, 1997 WL 674945 (N.Y.A.D. 10\/27\/97). GUARANTY – How could anyone sue a lessee with a name like that? Anyway, the guaranty was signed by the corporate president. There will be a trial on the issue of …<\/p>\n","protected":false},"template":"","meta":{"_acf_changed":false,"_stopmodifiedupdate":true,"_modified_date":"","_cloudinary_featured_overwrite":false},"corporate_categories":[6522,6526,6520],"class_list":["post-36921","corporate","type-corporate","status-publish","hentry","corporate_categories-litigation-disputes__civil-litigation","corporate_categories-litigation-disputes__civil-litigation__civil-rights","corporate_categories-litigation-disputes"],"acf":[],"_links":{"self":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate\/36921","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate"}],"about":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/types\/corporate"}],"wp:attachment":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/media?parent=36921"}],"wp:term":[{"taxonomy":"corporate_categories","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_categories?post=36921"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}