JAMES TALCOTT, INC. v. H. CORENZWIT AND COMPANY


76 N.J. 305 (1978)

387 A.2d 350

JAMES TALCOTT, INC., A CORPORATION OF NEW YORK, AS ASSIGNEE OF REMCO INDUSTRIES, INC., PLAINTIFF-RESPONDENT, v. H. CORENZWIT AND COMPANY, A CORPORATE BODY, DEFENDANT-APPELLANT.

The Supreme Court of New Jersey.

Decided May 15, 1978.


Attorney(s) appearing for the Case

Mr. James M. Cutler argued the cause for appellant (Mr. Cyrus J. Bloom, attorney).

Mr. Alan D. Wiener argued the cause for respondent (Messrs. Raff and Scheider, attorneys).


The opinion of the court was delivered by SCHREIBER, J.

The plaintiff James Talcott, Inc., assignee of a book account arising out of sales of toys by Remco Industries, Inc. (Remco) to the defendant H. Corenzwit & Co., instituted this action to collect the balance due of $36,000. The factual and legal issues centered about a provision in the terms of the purchase agreement to the effect that Remco guaranteed that there would be no drop in prices of the type of...

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