Legal Opinion
JACK L. INSELMAN & CO., INC. v. FNB Fin. Co.
New York Court of Appeals
Decided May 5, 1977PublishedCited by 53 opinions
1Opinion of the Court
Memorandum. The order of the Appellate Division is affirmed, with costs.
Guilford Industries, a manufacturer of fabric, had a factoring agreement with FNB Financial Company (FNB) whereby the latter would guarantee payment of certain accounts receivable owed by purchasers whom it deemed credit worthy. FNB had, accordingly, approved the credit of one such purchaser, plaintiff Jack L. Inselman & Co, up to a maximum of $60,000. The agreement between Guilford and FNB in no way restricted or altered the rights of Guilford to enter into purchase and sale contracts involving credit transactions but…
2Cases cited3 opinions
- Israel v. Wood Dolson Co.New York Court of Appeals · 1956
- Lamb v. S. Cheney & SonNew York Court of Appeals · 1920
- Campbell v. . GatesNew York Court of Appeals · 1923
3Cited by53 opinions
- NBT Bancorp Inc. v. Fleet/Norstar Financial Group, Inc.New York Court of Appeals · 1996
- Ingle v. Glamore Motor Sales, Inc.New York Court of Appeals · 1989
- Aetna Casualty And Surety Co. v. Aniero Concrete Co.Court of Appeals for the Second Circuit · 2005
- Hartford Fire Insurance v. Federated Department Stores, Inc.District Court, S.D. New York · 1989
- Burns Jackson Miller Summit & Spitzer v. LindnerAppellate Division of the Supreme Court of the State of New York · 1982
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