Bonnie-Lassie Sportswear, Inc. v. Century Factors, Inc.

The parties to this litigation are parties to a factoring agreement whereby plaintiff appointed defendant its sole factor and agreed to submit all of its accounts receivable to defendant for approval and acceptance. *703The issue between the parties is whether certain accounts receivable of plaintiff were assigned to defendant under the agreement. Plaintiff claims “No”, defendant claims “ Yes ”. The form in which the issue is tendered is an action in conversion, plaintiff claiming that defendant collected the accounts without authority.

The factoring agreement contained a provision for waiver of…