Mountain Top Manufacturing Co. v. Business Factors Corp.

This action has been submitted to the court for judgment on an agreed statement of facts. Findings of fact and conclusions of law have been waived.

Defendant is a factor and plaintiff, its client, is a foreign corporation which has never filed a certificate of authority in this State. The claim is one to recover the proceeds of certain accounts receivable, assigned to defendant but never collected by it, and which defendant charged back to plaintiff’s account.

The debtor of these accounts receivable refused to pay. Arbitration was resorted to between plaintiff and debtor and although plaintiff…