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NATIONAL CITY BANK OF N.Y. v. BOROWICZ

40 N.J. Super. 414 (1956)

123 A.2d 382

THE NATIONAL CITY BANK OF NEW YORK, A CORPORATION, PLAINTIFF-RESPONDENT, v. SIGMUND BOROWICZ, DEFENDANT-APPELLANT.

Superior Court of New Jersey, Appellate Division.

Decided June 13, 1956.

Attorney(s) appearing for the Case

Mr. Benjamin H. Priest argued the cause for appellant.

Mr. Irving J. Rosenberg argued the cause for respondent.

Before Judges GOLDMANN, FREUND and CONFORD.

The opinion of the court was delivered by GOLDMANN, S.J.A.D.

Plaintiff bank offered to lend one Joseph Martinez $2,170 on his promissory note if he would obtain the endorsement of a guarantee of payment thereon to the extent of 85% of the indebtedness. Such note, with payment guaranteed by defendant on the reverse side thereof, was delivered to plaintiff on Monday, November 16, 1953, and the loan was then made.

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