National Bank of North America v. Paskow
National Bank of North America v. Paskow
Opinion of the Court
OPINION OF THE COURT
Memorandum.
The order of the Appellate Division should be affirmed, with costs.
Defendant does not deny execution of the guarantee or claim that she ever gave the written notice of termination
Nor can defendant successfully defend on the ground that the account title showed the corporation whose debts she guaranteed to have been acting as agent. While a disclosed agent does not normally incur personal responsibility, he may in some situations. Here, however, the corporation has in a prior action been held liable for the overdrafts. Defendant’s corporate principal having been held liable, defendant is, under the terms of her guarantee, also liable.
Chief Judge Cooke and Judges Jasen, Gabrielli, Jones, Wachtler, Fuchsberg and Meyer concur.
Order affirmed, with costs, in a memorandum.
Reference
- Full Case Name
- National Bank of North America v. Rosalee Paskow
- Cited By
- 5 cases
- Status
- Published