Legal Opinion
James Talcott, Inc. v. United States Telephone Co.
Appellate Division of the Supreme Court of the State of New York
Decided May 18, 1976PublishedCited by 9 opinions
1Opinion of the CourtStevens, P. J.
On or about July 3, 1969, defendant United States Telephone Company (United), an importer and marketer of decorator telephones, entered into a factoring agreement with plaintiff James Talcott, Inc. (Talcott) in order to finance its business operations. By the terms of the agreement, United would assign, without recourse, its accounts receivable to Talcott, for which Talcott would advance up to 90% of the said accounts receivable. According to United, the amounts advanced approximated 30% of the amount of the accounts receivable assigned to Talcott.
Monthly statements were sent to United by…
2Cases cited5 opinions
- Di Sabato v. SoffesAppellate Division of the Supreme Court of the State of New York · 1959
- Lockwood v. . ThorneNew York Court of Appeals · 1858
- Newburger-Morris Co. v. . TalcottNew York Court of Appeals · 1916
- Volkening v. . DegraafNew York Court of Appeals · 1880
- Hopwood Plays, Inc. v. KemperNew York Court of Appeals · 1934
3Cited by9 opinions
- Kramer, Levin, Nessen, Kamin & Frankel v. AronoffDistrict Court, S.D. New York · 1986
- Construction & Marine Equipment Co. v. Thomas Crimmins Contracting Co.Appellate Division of the Supreme Court of the State of New York · 1993
- Pepper's Steel & Alloys, Inc. v. Lissner Minerals & Metals, Inc.District Court, S.D. New York · 1980
- Polygram S.A. v. 32-03 Enterprises, Inc.District Court, E.D. New York · 1988
- Clune, Inc. v. Healthco Medical SupplyAppellate Division of the Supreme Court of the State of New York · 1980
4 more not listed; retrieve them via the Exa API.