Takisada Co. v. Ambassador Factors Corp.

OPINION OF THE COURT

Edward J. Greenfield, J.

In this dispute over the interpretation of a factoring agreement, defendant Ambassador Factors Corp. moves for sum*436mary judgment to dismiss the complaint and for an award of counsel fees on its counterclaim. Plaintiff, Takisada American Corp., moves to amend its complaint to declare the factoring agreement to be unconscionable. Takisada, its predecessors and affiliates, is a manufacturer or distributor of piece goods. In 1969, Takisada entered into a factoring agreement with Ambassador Factors pursuant to which Takisada would assign all its accounts…