January 24, 2020

Recovering on an unconditional guaranty.

CPLR 3213 provides a means of obtaining an accelerated judgment where a defendant's liability is premised upon an instrument for the payment of money only, such as an unconditional guaranty.  In order to recover, a plaintiff must establish that payment on the underlying debt was due.

255 Butler, LLC v. Boymelgreen, NY Slip Op 00392 (2d Dep't January 22, 2020)

Here is the decision.