ABRAMS & CO., INC. v. ITS EQUIP. & LEASING CORP.


216 A.D.2d 503 (1995)

628 N.Y.S.2d 784

Abrams & Company, Inc., Respondent, v. Its Equipment and Leasing Corporation, Appellant

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

June 26, 1995


Ordered that the order is modified, on the law, by deleting the provision thereof which granted the plaintiff's motion and substituting therefor a provision denying the motion; as so modified, the order is affirmed, with costs to the defendant.

The plaintiff-assignee entered into a financing agreement in February 1990 pursuant to which it was to receive any payments owed to the assignor by the latter's account debtors, including the defendant. The plaintiff subsequently...

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