Opinion
December 22, 1998
Appeal from the Supreme Court, New York County (Lewis Friedman, J.).
A guarantor is liable to the creditor only for the amount of the principal obligor's default ( see, GE Capital Mtge. Servs. v. Pinnacle Mtge. Inv. Corp., 897 F Supp 842, 848, n 3). Accordingly, because the principal obligor herein is not in default, its obligation having been duly suspended pursuant to the subordination agreement executed by plaintiff, no amount is now due under the guarantee upon which plaintiff premises his right to recover. Since there is no amount now due, plaintiff has not yet been damaged, and the action was properly dismissed ( cf., Rodin Props. — Shore Mall v. Ullman, 253 A.D.2d 403). We have considered plaintiff's remaining arguments and find them unavailing.
Concur — Milonas, J. P., Rosenberger, Ellerin and Rubin, JJ.