Plaintiff, Frankart Furniture Staten Island, Inc. (Frankart I), is in the business of retail furniture sales on a consignment basis in Staten Island, New York. Frankart Distributors, Inc. (Frankart II) is the actual owner of the furniture which is sold by Frankart I in a store leased from the defendant. Leonard Frankel and Bernard Frankel are the principals of both business entities. Because of flood damage to its premises beginning in May of 1983, Frankart I commenced an...
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