Between March 1987 and August 1988, plaintiff, a diamond wholesaler, sold and delivered some 100,000 loose diamonds to defendant, a manufacturer of finished jewelry pieces selling to retail outlets throughout the United States and Canada. The agreed upon value of the diamonds delivered and accepted was $123,152.70, of which $58,526.30 was paid, leaving a balance due of $64,626.40. Plaintiff sues for the balance. On the motion for summary judgment, defendant admitted possessing...
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