Northwest Acceptance Corporation v. Heinicke Enstruments Company

INGRAHAM, Circuit Judge:

This breach of contract action was brought by plaintiff-appellant, Northwest Acceptance Corporation, an Oregon financier of commercial paper, against defendant-appellee, Heinicke Instruments Company, a Florida manufacturer of cleaning equipment, for approximately $160,000.00, the unpaid balance on certain “deferred payment paper” which defendant Heinicke assigned to plaintiff Northwest.

The factual complexity in this case is only overshadowed by the slipshod business practices of the parties. Fortunately, however, we are able to draw freely upon the district court’s…