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Hirsch v. Rifkin

Appellate Division of the Supreme Court of New York, First Department
Oct 18, 1990
166 A.D.2d 293 (N.Y. App. Div. 1990)

Summary

holding that three contemporaneously executed instruments, including a guaranty, must be viewed as interdependent

Summary of this case from Port Distributing Corp. v. Pflaumer

Opinion

October 18, 1990

Appeal from the Supreme Court, New York County (Phyllis Gangel-Jacob, J.).


The guarantee sued upon referred to an underlying note for an explanation of the "Guaranteed Indebtedness". That note in turn incorporated the terms and conditions of an underlying stock sale agreement. Plaintiffs were concededly in breach of certain representations and warranties made in that stock sale agreement, which involved liabilities potentially in excess of the indebtedness under the note. Where an instrument sued upon is subject to terms and conditions in a separate document, the accelerated procedure for judgment under CPLR 3213, based upon an instrument for the payment of money only, may not be employed. (Technical Tape v. Spray Tuck, 131 A.D.2d 404.) Moreover, the fact that the three instruments were executed simultaneously is further evidence that these three instruments must be viewed as interdependent (Catskill Natl. Bank v. Dumary, 206 N.Y. 550).

Concur — Murphy, P.J., Sullivan, Milonas and Smith, JJ.


Summaries of

Hirsch v. Rifkin

Appellate Division of the Supreme Court of New York, First Department
Oct 18, 1990
166 A.D.2d 293 (N.Y. App. Div. 1990)

holding that three contemporaneously executed instruments, including a guaranty, must be viewed as interdependent

Summary of this case from Port Distributing Corp. v. Pflaumer
Case details for

Hirsch v. Rifkin

Case Details

Full title:JAMES HIRSCH et al., Appellants, v. HERMAN RIFKIN et al., Respondents

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

Date published: Oct 18, 1990

Citations

166 A.D.2d 293 (N.Y. App. Div. 1990)
564 N.Y.S.2d 120

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