Textile Banking Co. v. Colonial Chemical Corporation

ORDER ON DEFENDANT’S MOTION TO DISMISS

SIDNEY O. SMITH, Jr., District Judge.

This is a suit in which plaintiff seeks to recover $17,527.67 plus interest and attorneys fees, upon a certain factoring agreement entered into between the parties. The particular indebtedness at issue in this case comes from accounts receivable created by the sale of defendant’s products to Spenser Rubber Coating Co. of Dalton, Georgia. The accounts receivable were subsequently assigned and sold to plaintiff under the factoring agreement between plaintiff and defendant. Suit was filed on February 26,1965. In an order…