ROSALINDA v. KENT CO., INC.


86 A.D.2d 587 (1982)

Lanificio L. Rosalinda, Appellant, v. Kent Company, Inc., Defendant, and Century Factors, Inc., Respondent

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

January 28, 1982


Plaintiff operated a family woolen mill in Italy. She undertook to sell 500,000 yards of melton cloth to Kent Company Inc., at $1.30 per yard. Century Factors, Inc., was Kent's factor, i.e., it advanced operating funds to Kent in return for which it took an assignment of Kent's receivables under a financing statement which granted it a security interest on its other property. The first shipments of the melton cloth, which consisted of approximately 25% of the entire order...

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