Wain v. Kravitz

Plaintiff, as assignee of accounts receivable of the Model Display Corporation, brought suit against defendant, a currency exchange operator, who cashed a $1,038 check payable to the assignor, which was indorsed by the treasurer of the assignor company. Trial by the court without a jury resulted in a fipdi-ng and judgment against defendant in the sum of $1,038 and costs, from which he appeals.

From the essential facts it appears that on April 25, ,1941 plaintiff and the Model Display Corporation entered into an agreement whereby the latter assigned to plaintiff its accounts receivable in…