The plaintiff factor had, as one of its clients, a Florida women's suit and sportswear manufacturer known as Suits Galore, Inc. Substantial loans were made by the factor, unsecured by accounts receivable, and while the factor's loan committee approved thereof, it directed that the credit be reduced because of concern about the possibility that the factor was funding losses. While the loan was reduced somewhat, eventually Suits Galore filed for bankruptcy.
The plaintiff...
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