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REINES DISTRIBUTORS, INC. v. ADMIRAL CREDIT CORPORATION

No. 364, Docket 28046.

319 F.2d 609 (1963)

REINES DISTRIBUTORS, INC., Plaintiff-Appellant, v. ADMIRAL CREDIT CORPORATION, Defendant-Appellee.

United States Court of Appeals Second Circuit.

Decided June 27, 1963.

Attorney(s) appearing for the Case

Malcolm A. Hoffmann, Hoeniger & Rozen, New York City (Berthold H. Hoeniger, New York City, of counsel), for plaintiff-appellant.

O'Brien, Driscoll & Raftery, New York City (George A. Raftery, William D. Friedmann, New York City, of counsel), for defendant-appellee.

Before WATERMAN, FRIENDLY and SMITH, Circuit Judges.

PER CURIAM.

Plaintiff below, Reines Distributors, Inc., appeals from an adverse summary judgment entered in the United States District Court for the Southern District of New York, Metzner, J., upon the counterclaim of defendant-appellee, Admiral Credit Corporation. Defendant's counterclaim was grounded upon a "Dealer Inventory Financing Agreement" under which Admiral Credit financed the "sale" of electrical appliances by Reines to its retail dealers. As security,...

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