REFINANCE CORP. v. NORTHERN LBR. SALES, INC.

Docket No. 22973.

163 Cal.App.2d 73 (1958)

329 P.2d 109

REFINANCE CORPORATION (a Corporation), Respondent, v. NORTHERN LUMBER SALES, INC. (a Corporation) et al., Appellants.

Court of Appeals of California, Second District, Division Two.

August 20, 1958.


Attorney(s) appearing for the Case

Hy Schwartz for Appellants.

Sidney Fischgrund for Respondent.


ASHBURN, J.

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. Coughlan and Xerline Coughlan, his wife. Plaintiff sued upon the ground that certain receivables were sold and assigned to it...

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