Graniteville Co. v. First National Trading Co.

*468Graniteville Company began an arbitration against First National Trading Co., Inc. to resolve a dispute arising out of a contract for the sale by First National of Graniteville of cotton fabric. After its resale to the respondent Stutz Horowitz Co., Inc. and subsequent resale to respondent Berkshire Corporation, the goods were found to be defective. The agreements all contained broad arbitration clauses and pursuant thereto various arbitration proceedings were brought and consolidated. After a hearing in which all the parties participated, the arbitrators rendered a unanimous award, basically…