Expiration clauses in a guaranty are used to limit liability the guarantor can incur. They place a temporal limitation on what would otherwise be a guarantee of unlimited duration. As discussed below, guarantors can still be exposed to liability for continuing or future obligations under the guaranty, even past the date of an expiration clause, where the obligation was incurred prior to the expiration of the guaranty. Louis Dreyfus Energy Corp. v MG Refining and Marketing, Inc. The Court of…
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The Daily Record: Is the New York Correction Officer Strike “Illegal and Unlawful”?
Originally published on The Daily Record on February 24, 2025 Currently, New York prison guards are on strike. Corrections officers at 25 of New York’s 42 prisons have not shown…
