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A. v. CENTURY BUS. CREDIT CORP.

183 A.D.2d 491 (1992)

Alpargatas, S. A., Appellant-Respondent, v. Century Business Credit Corp., Respondent-Appellant

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

May 14, 1992

Over the course of a two-year relationship, the Argentine-based plaintiff, a manufacturer of women's apparel, shipped about $10,000,000 worth of goods through its Liechtenstein subsidiary (Exportex) to a New York importer (Focus Trading Corp.), which in turn supplied retailers throughout this country. Focus' purchases were financed by defendant under a factoring agreement backed by letters of credit issued by Irving Trust Company...

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