Legal Opinion

Gerseta Corp. v. Equitable Trust Co.

Appellate Division of the Supreme Court of the State of New York

Decided February 6, 1925PublishedCited by 1 opinion

1Opinion of the Court

Martin, J.:

On the 21st day of October, 1919, plaintiff entered into an agreement with the Raw Silk Trading Company, hereinafter called the Trading Company, by which plaintiff agreed to buy and the Trading Company agreed to sell 250 bales of China silk. The agreement contained the following provisions: “ Each delivery made under this contract to be considered as a separate sale. * * * Price and Terms: at $8.65 per lb., 4 months less 1%. Settlement within 30 days by cash or trade acceptance. .Quantity: Two Hundred Fifty (250) bales. Delivery: On arrival of shipment from Canton during March…

2Cases cited6 opinions

  1. Fera v. . WickhamNew York Court of Appeals · 1892
  2. Foreign Trade Banking Corp. v. Gerseta Corp.New York Court of Appeals · 1923
  3. Spire v. SpireSupreme Court of Kansas · 1919
  4. People Ex Rel. McMillan v. Board of SupervisorsNew York Court of Appeals · 1892
  5. Gerseta Corp. v. Gramatan National Bank of BronxvilleAppellate Division of the Supreme Court of the State of New York · 1923

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3Cited by1 opinion

  1. Great West Casualty Company v. DeckerDistrict Court, D. Minnesota · 2019

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