New York Court of Appeals October 22, 1985 (Citibank, N. A. v. Plapinger)

OPINION OF THE COURT

Meyer, J.

Fraud in the inducement of a guarantee by corporate officers of the corporation’s indebtedness is not a defense to an action on the guarantee when the guarantee recites that it is absolute and unconditional irrespective of any lack of validity or enforceability of the guarantee, or any other circumstance which might otherwise constitute a defense available to a