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PRUDENTIAL CAPITAL CORP. v. ROYAL INDEM. CO.

21 A.D.2d 664 (1964)

Prudential Capital Corp., Respondent-Appellant, v. Royal Indemnity Company, Appellant-Respondent

Appellate Division of the Supreme Court of the State of New York, First Department.

May 21, 1964

Order, entered on January 6, 1964, granting summary judgment, unanimously reversed, on the law, and the motion denied, with costs to abide the event.

Plaintiff, a factor, sues an insurance company. It appears that plaintiff participated in the factoring of Bo-Craft Enterprises, Inc., by Whitehall Mercantile Corp., another factor. Bo-Craft Enterprises obtained advances from Whitehall on the strength of spurious invoices and documents of delivery, and losses were sustained...

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