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AM. EXPRESS BANK v. UNIROYAL

164 A.D.2d 275 (1990)

American Express Bank Ltd., Appellant, v. Uniroyal, Inc., Respondent

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

December 6, 1990

Attorney(s) appearing for the Case

Leo T. Crowley of counsel (Elaine M. Laflamme with him on the brief; Winthrop, Stimson, Putnam & Roberts, attorneys), for appellant.

Joseph P. Moodhe of counsel (Debevoise & Plimpton, attorneys), for respondent.

ROSS, J. P., ROSENBERGER, KASSAL and WALLACH, JJ., concur.

ASCH, J.

Defendant Uniroyal, Inc., entered into an agreement on October 22, 1981 to sell accounts receivable in Turkey to plaintiff American Express Bank Ltd. Uniroyal contracted to sell the right to receive payment for three types of accounts receivable satisfied by three different currencies, United States dollars, Deutsche marks and pounds sterling. This case involves only the dollar denominated account receivable...

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