{"id":229,"date":"2014-09-16T11:50:13","date_gmt":"2014-09-16T15:50:13","guid":{"rendered":"https:\/\/nybusinesslitigator.com\/?p=229"},"modified":"2016-12-11T01:05:43","modified_gmt":"2016-12-11T06:05:43","slug":"notice-of-default-is-defective","status":"publish","type":"post","link":"https:\/\/nybusinesslitigator.com\/?p=229","title":{"rendered":"Defective Notice of Default"},"content":{"rendered":"<p>Here is a case that sums up the risk a lender faces when its notice of default is defective. The guarantor might be &#8220;off the hook.&#8221;<!--more--><\/p>\n<blockquote><p><em>&#8220;Where a contract of guarantee specifically provides for notice of default, the failure to give such notice discharges the guarantor&#8217;s obligations.&#8221; <\/em>Pergament v. Herrick Credit Corp.<em>, 200 N.Y.S.2d 535, 540 (Sup. Ct., Kings Co., Spec. Term 1960) (citations omitted).<\/em><\/p><\/blockquote>\n<p>&nbsp;<\/p>\n<blockquote><p><strong>If you have any legal questions or need help with a notice of default or guaranty, please contact Attorney Scott Lanin at (212) 764-7250 x 201 or use the contact form in the right sidebar.<\/strong><\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Here is a case that sums up the risk a lender faces when its notice of default is defective. The guarantor might be &#8220;off the hook.&#8221;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[49],"tags":[],"class_list":["post-229","post","type-post","status-publish","format-standard","hentry","category-ny-business-litigator-blog-ny-real-estate-litigator-blog"],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/nybusinesslitigator.com\/index.php?rest_route=\/wp\/v2\/posts\/229","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nybusinesslitigator.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nybusinesslitigator.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nybusinesslitigator.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nybusinesslitigator.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=229"}],"version-history":[{"count":6,"href":"https:\/\/nybusinesslitigator.com\/index.php?rest_route=\/wp\/v2\/posts\/229\/revisions"}],"predecessor-version":[{"id":472,"href":"https:\/\/nybusinesslitigator.com\/index.php?rest_route=\/wp\/v2\/posts\/229\/revisions\/472"}],"wp:attachment":[{"href":"https:\/\/nybusinesslitigator.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=229"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nybusinesslitigator.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=229"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nybusinesslitigator.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=229"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}