Duobond Corp. v. Congress Factors Corp.

In an action by an assignor of accounts receivable against its assignee to recover, inter alia, the amounts allegedly wrongfully “charged back” to plaintiff’s account, which amounts represent advance payments made by defendant to plaintiff, plaintiff appeals from a judgment of Supreme Court, Kings County, entered April 11, 1975, in favor of defendant, following a nonjury trial. Judgment reversed, on the law and facts, with costs; the issues of liability are hereby determined in favor of plaintiff; and new trial granted solely as to the issue of damages. Plaintiff Duobond Corporation (Duobond)…