New England Merchants National Bank v. Lost Valley Corp.

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• under Massachusetts law “[e]ven in the absence of any direct benefit, the [guarantor] is bound by its guaranty”
• under Massachusetts law, a corporation is empowered to grant guarantees so long as the charter contains no prohibition, even if its charter is silent on the issue

Source: CourtListener parenthetical corpus (CC0).