James Talcott, Inc. v. Stagg Warehousing & Distributing Co.

Plaintiff herein, a factor, sues defendant, a warehousing company, for refusing to deliver certain property which plaintiff claims it is entitled to pursuant to a duly filed factor’s lien on inventory to secure loans made to the Color Electronics Corporation (Personal Property Law, § 45). Defendant’s refusal is based on its assertion of a warehouse lien of $1,749.50, and the nonpayment of a $13,000 loan made by it to Color Electronics. A warehouseman’s lien, however, extends only to lawful charges and claims for storage and preservation of the goods, for advances of money, interest,…