Bank Leumi Trust Co. v. Collins Sales Service, Inc.

Order, Supreme Court, New York County, entered July 17, 1978, denying plaintiff’s motion for summary judgment against defendant Seseo Designs, Inc., unanimously reversed, on the law, with $75 costs and disbursements of this appeal payable to appellant, and the motion granted. Plaintiff loaned money to Precision Graphics, Inc., which loan was secured, in part, by an interest in Precision’s accounts receivable. At the inception of the instant suit, Precision owed plaintiff $4,615.40 on the loan. Precision subsequent to the loan sold goods to defendant Seseo Designs, Inc., for which the latter…