American Spacers, Ltd. v. Ross

Quillian, Chief Judge.

Plaintiffs, American Spacers, Ltd., Hammond Industries, Inc., and C C Financial, Inc., brought this action against Howard Ross, individually, and doing business as Royal Mills, R & H Carpet & Sales (R & H), and Ross’ Wife — Dovie Ross. C C Financial, Inc. (factor) is an accounts receivable factor. They entered into a Factoring Agreement with Ross to collect R & H’s accounts receivable. Ross owned Royal Mills which manufactured carpet which was sold by R & H. Ross factored R & H’s invoices on all sold goods to C C Financial. The factor advanced Ross 75% of the invoice…