Advance Industrial Finance Co. v. Western Equities, Inc.

VALLÉE, J.

Appeal by defendants from a judgment for plaintiff in an action for damages for the breach of a written contract of guaranty.

On December 30, 1954, plaintiff and defendant Western Equities entered into a contract in writing whereby plaintiff agreed to buy and Western Equities agreed to sell to plaintiff accounts receivable. On various occasions thereafter Western Equities sold, assigned, and transferred to plaintiff accounts receivable which had been assigned to and purchased by it from Jo-Max of California. Under the contract plaintiff was to purchase the accounts for 82% per cent…