MATTER OF AM. SILK MILLS CORP. (DELAWARE)


38 A.D.2d 695 (1972)

In the Matter of the Arbitration between American Silk Mills Corporation (Delaware), Appellant, and Meinhard-Commercial Corporation et al., Respondents

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

January 25, 1972


Appellant shall recover of respondents $30 costs and disbursements of this appeal. Petitioner is the purchaser and respondent the seller under a contract whereby respondent sold its assets to petitioner. Among these assets was an inventory of merchandise. The contract contained a broad arbitration clause. As far as the inventory was concerned, the contract provided for a valuation by respondent's accountants, an examination of that assessment by petitioner's accountants and...

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