Peters, J.
Golden Distributors, Ltd. was a wholesale dealer in cigarettes licensed by the Department of Taxation and Finance as a cigarette stamping agent. In accordance with Tax Law § 472 (1), Golden was permitted to purchase cigarette tax stamps on credit from plaintiff if full payment could be remitted within 30 days of purchase. To qualify for this delayed payment option, Golden had to obtain a credit bond, approved by the Department, to guarantee payment...
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