2ND CIR. HOLDS GUARANTOR LIABLE TO BANK DESPITE RELEASE OF DEBTOR Compagnie Financiere de CIC v. Merrill Lynch | Secondary Sources | Westlaw

2ND CIR. HOLDS GUARANTOR LIABLE TO BANK DESPITE RELEASE OF DEBTOR Compagnie Financiere de CIC v. Merrill Lynch | Secondary Sources | Westlaw

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2ND CIR. HOLDS GUARANTOR LIABLE TO BANK DESPITE RELEASE OF DEBTOR Compagnie Financiere de CIC v. Merrill Lynch

5 No. 2 ANBLLLR 8Andrews' Bank & Lender Liability Litigation Reporter (Approx. 3 pages)

2ND CIR. HOLDS GUARANTOR LIABLE TO BANK DESPITE RELEASE OF DEBTOR Compagnie Financiere de CIC v. Merrill Lynch

5 No. 2 ANBLLLR 8Andrews' Bank & Lender Liability Litigation Reporter (Approx. 3 pages)

5 No. 2 Andrews' Bank & Lender Liab. Litig. Rep. 8
Andrews' Bank & Lender Liability Litigation Reporter
September 15, 1999
Guarantors
Copyright (c) 1999 Andrews Publications

2ND CIR. HOLDS GUARANTOR LIABLE TO BANK DESPITE RELEASE OF DEBTOR

Compagnie Financiere de CIC v. Merrill Lynch

The Second Circuit U.S. Court of Appeals has ruled that under New York law, a guarantee agreement containing a general waiver of defenses prevents discharge of a guarantor's responsibility for a debt when the debtor is released from liability. ...
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