The respondent (Pecco) is appealing a judgment which granted the petitioners' application under CPLR 7503 for a stay of arbitration.
A written agreement, dated January 1, 1968, was entered into between Pecco (the "seller") and the petitioner National Equipment Rental Ltd. (National, the "buyer"), whereby Pecco agreed to sell to National and to erect two giant terminal container loaders to handle...
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