The reasonableness of plaintiffs' reliance on anything defendant said or did not say about the financial condition of plaintiffs' customer who went bankrupt has nothing to do with the parties' credibility, but with their relationship as defined by their factoring agreements. The agreements provided that the risk of loss from a customer's failure to pay receivables at maturity would be on plaintiffs unless defendant approved of the customer's credit in writing. Having agreed...
Let's get started
Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.
- Updated daily.
- Uncompromising quality.
- Complete, Accurate, Current.