The guarantee states that it is absolute and unconditional, and that, in pertinent part, it "shall be unconditional and irrevocable, irrespective of . . . (a) the genuineness, validity or enforceability of any of the Loan Documents . . . or (g) any other circumstance, occurrence or condition . . . which might otherwise constitute a legal or equitable defense." The guarantor-defendant's claim of fraud in the inducement is barred.
Suttongate Holdings Ltd. v. Lanconm Mgt. N.V., NY Slip Op 05196 (1st Dep't June 27, 2019)
Here is the decision.
