HILL, Circuit Judge:
FACTS
Allstate Financial Corporation ("Allstate") is in the business of making secured loans and financing and factoring receivables. In June, 1983, Allstate entered into a financing arrangement with Bleckley Lumber Company d/b/a Bleckley Cotton Company ("Bleckley") and Bleckley's principal, William Carlton Lawson, whereby Allstate agreed to factor certain of Bleckley's accounts receivable. Bleckley was engaged
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