Judgment affirmed, with costs.
On or about May 11, 1977, County Cigar Corp. (County) and Royal Cigar Co., Inc. (Royal), by their respective presidents in their respective capacities, entered into a contract whereby County agreed to purchase the assets of Royal, including the use of its name. While price was left for future negotiation, Royal executed a bill of sale to County. Subsequently, the following letter dated July 31, 1979, was sent on Royal stationery:
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