Product Sales Co. v. Guaranty Co. of Maryland

The decision in this case depends upon the1 construction of an agreement between the Product Sales Company, designated as party of the first part, .and the Guaranty Company of Nary] and, as party of the second part, which includes the following provision:

“Second party will from time to time, during the continuance of this agreement, and within the limits agreed upon, buy such accounts belonging to first party, as may be acceptable to second party, and will pay therefor.

“One hundred per cent. (100%) of the net face value thereof, less a charge equal to the legal rate of interest on the money…