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WHCS Real Estate Ltd. Partnership v. 1610 O.C.R. Operating Inc.

Appellate Division of the Supreme Court of New York, Second Department
Oct 21, 1996
232 A.D.2d 548 (N.Y. App. Div. 1996)

Opinion

October 21, 1996.

In an action to foreclose a mortgage upon real property, the defendant Dennis Riese appeals from an order of the Supreme Court, Nassau County (McCabe, J.), entered September 8, 1995, which, inter alia, granted the plaintiffs motion for partial summary judgment against him.

Before: Pizzuto, J.P., Santucci, Friedmann and Luciano, JJ.


Ordered that the order is affirmed, with costs.

A guaranty is assignable unless there is an express provision in the document prohibiting assignment ( see, Stillman v Northrup, 109 NY 473; 63 NY Jur 2d, Guaranty and Suretyship, § 290). Here, the guaranty provided that the appellant "unconditionally guarantees to [Cross-Land Savings, FSB] and to any purchaser of the Note from you, the due performance and prompt payment * * * of all of Borrower's obligations under the Note and the Mortgage". This provision did not constitute "plain and peculiar" language which would restrict the assignability of the guaranty ( see, Stillman v Northrup, supra, 109 NY, at 480; Everson v Gere, 122 NY 290). Since the guaranty was general, and not special and personal to Cross-Land Savings, FSB, it was properly assigned to the plaintiff and the plaintiff is entitled to enforce it.

We have reviewed the appellant's other claims and find them to be without merit.


Summaries of

WHCS Real Estate Ltd. Partnership v. 1610 O.C.R. Operating Inc.

Appellate Division of the Supreme Court of New York, Second Department
Oct 21, 1996
232 A.D.2d 548 (N.Y. App. Div. 1996)
Case details for

WHCS Real Estate Ltd. Partnership v. 1610 O.C.R. Operating Inc.

Case Details

Full title:WHCS REAL ESTATE LIMITED PARTNERSHIP, Respondent, v. 1610 O.C.R. OPERATING…

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

Date published: Oct 21, 1996

Citations

232 A.D.2d 548 (N.Y. App. Div. 1996)
648 N.Y.S.2d 667

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