Legal Opinion
Pro-Specialties, Inc. v. Thomas Funding Corp.
Court of Appeals for the Second Circuit
Decided February 26, 1987No. Nos. 75, 141, 142, Docket 85-9023, 86-7003, 86-7017PublishedCited by 17 opinions
1Opinion of the Court
CARDAMONE, Circuit Judge:
The appeals in this diversity case arise from an everyday commercial arrangement under which a factor guaranteed a Navy contractor’s purchase of equipment and materials from its supplier. When the Navy contractor, Able Building Maintenance & Services Co., Inc. (Able) defaulted, the supplier, Pro-Specialties, Inc. (Pro-Specialties) brought this action against Able and the factor, Thomas Funding Corp. (Thomas), as guarantor. The United States District Court for the Southern District of New York (Sweet, J.) granted the supplier a judgment against the factor in the amount…
2Cases cited8 opinions
- General Phoenix Corp. v. CabotNew York Court of Appeals · 1949
- Walcutt v. Clevite Corp.New York Court of Appeals · 1963
- Wasserstrom v. Interstate Litho Corp.Appellate Division of the Supreme Court of the State of New York · 1985
- Konitzky v. . MeyerNew York Court of Appeals · 1872
- Leghorn v. RossNew York Court of Appeals · 1977
3 more not listed; retrieve them via the Exa API.
3Cited by17 opinions
- Aetna Casualty And Surety Co. v. Aniero Concrete Co.Court of Appeals for the Second Circuit · 2005
- Varsames v. PalazzoloDistrict Court, S.D. New York · 2000
- Blackacre Bridge Capital LLC v. Korff (In Re River Center Holdings, LLC)United States Bankruptcy Court, S.D. New York · 2003
- Joremi Enterprises, Inc. v. Hershkowitz (In Re New 118th LLC)United States Bankruptcy Court, S.D. New York · 2008
- Compagnie Financiere de CIC et de L'Union Europeenne v. Merrill Lynch, Pierce, Fenner & Smith Inc.Court of Appeals for the Second Circuit · 1999
12 more not listed; retrieve them via the Exa API.