(DOWNLOAD) "United Factors v. T.C. Associates" by Supreme Court Of Utah * eBook PDF Kindle ePub Free

March 01, 2021

eBook details

Title: United Factors v. T.C. Associates
Author : Supreme Court Of Utah
Release Date : January 03, 1968
Genre: Law,Books,Professional & Technical,
Pages : * pages
Size : 58 KB

Description

T.C. Associates, Inc., the corporate defendant, was engaged in the furniture business; two of its officers, Herscovitz and Ulmer, executed, as individuals, a guarantee, agreement with United Factors, plaintiff, in order to procure an extension of credit to the corporation. Subsequently, the defendant corporation purchased merchandise from Bailey-Schmitz and Evans and Black Carpet Mills, who assigned their accounts receivable to plaintiff. The corporate defendant became delinquent in its payments of these accounts, and plaintiff commenced this action against the debtor and its guarantors, the other defendants.