FRIENDS LUMBER, INC. v. CORNELL DEV. CORP.


243 A.D.2d 886 (1997)

663 N.Y.S.2d 327

Friends Lumber, Inc., Respondent, v. Cornell Development Corporation et al., Appellants

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

October 16, 1997


Carpinello, J.

From 1987 through 1994 defendant Cornell Development Corporation purchased lumber from plaintiff in conjunction with a residential real estate project. In 1989, Cornell Development's accounts payable to plaintiff began to increase and by 1992 the outstanding debt was quite substantial. Between 1992 and June 1993, efforts were made between the parties to resolve the issue of payment on the outstanding account, to no avail. During this time...

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