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MARINE OFFICE OF AM. CORP. v. SCHLESSEX CORP.

78 A.D.2d 625 (1980)

Marine Office of America Corporation, as Marine Managers and Attorney in Fact for Continental Insurance Company, Appellant, v. Schlessex Corp. et al., Respondents

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

October 30, 1980

Judgment affirmed, with costs.

Defendant is a purchasing agent for one or more foreign corporations. Other than the Graupner transactions referred to by our dissenting brother, the practice followed by it was standard. Acting as agent, it would purchase the goods for its own account, pledging its own credit. By express direction of its principal it would arrange that the goods be forwarded to Regal Shipping Agency (Regal), a shipping forwarder, which would declare...

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