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LIGRAN, INC. v. MEDLAWTEL, INC.

86 N.J. 583 (1981)

432 A.2d 502

LIGRAN, INC., A CORPORATION OF THE STATE OF NEW JERSEY AND MARTIN ANGER, PLAINTIFFS-APPELLANTS, v. MEDLAWTEL, INC., A NEW JERSEY CORPORATION, ET AL., DEFENDANTS, AND ELIZABETH BUTKUS, DEFENDANT-RESPONDENT.

The Supreme Court of New Jersey.

Decided July 16, 1981.

Attorney(s) appearing for the Case

Robert B. Cherry argued the cause for appellants.

Michael D. Mopsick argued the cause for respondent (Jeffer, Hopkinson & Vogel, attorneys).

The opinion of the Court was delivered by POLLOCK, J.

The primary issue in this case is when does a cause of action accrue against a person who is both the maker and the guarantor of payment of a promissory note. More specifically, where a promissory note is given as security for a lease, does the cause of action accrue at the time the note is issued or at the time the lease is breached? Inherent in this question is the problem...

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