Refinance Corp. v. Northern Lumber Sales, Inc.

Defendants appeal from a judgment for plaintiff for $54,025.77, growing out of a contract for the “factoring” by plaintiff of all accounts receivable of defendant Northern Lumber Sales, Inc. (hereinafter designated as Northern); performance of the obligations of this contract was guaranteed by the individual defendants, John M. Goughian and Xerline Goughian, his wife. Plaintiff sued upon the ground that certain receivables were sold and assigned to it, between June 3,1955, and August 10, 1955, which were “false, fictitious and non-existent for the reason that said defendant Northern Lumber…