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FORD MOTOR CREDIT CO. v. COLONIAL FUNDING CORP.

215 A.D.2d 435 (1995)

626 N.Y.S.2d 527

Ford Motor Credit Company, Appellant, v. Colonial Funding Corp., Respondent. (And a Third-Party Action.)

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

May 8, 1995

Ordered that the order is affirmed, with costs.

On November 22, 1989, the defendant Colonial Funding Corp. (hereinafter Colonial), entered into an agreement to lease certain audio and sound equipment to Angelo Caiano. Colonial immediately assigned its rights under the equipment lease to the plaintiff, Ford Motor Credit Company (hereinafter Ford), by executing an assignment in which it warranted that the lease was "genuine and enforceable". Caiano subsequently defaulted...

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