Order, Supreme Court, New York County (Sinclair, J.), entered August 25, 1981, granting plaintiffs motion to renew and reargue a prior order entered May 13, 1981, which had denied plaintiffs motion for summary judgment in an action on guarantee with regard to defendant-respondent Louis Kestenbaum, and upon renewal and reargument adhered to the prior decision, modified, on the law, with costs, and the plaintiffs motion for summary judgment is granted. The defendant-respondent Louis Kestenbaum, president of I. S. A. Merchandising Corporation (ISA), was one of [91 A.D.2d 571 Page 572]