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CROMPTON-RICHMOND CO., INC.—FACTORS v. SMITH

Civ. A. No. 33450.

253 F.Supp. 980 (1966)

CROMPTON-RICHMOND CO., INC.— FACTORS v. E. P. Tatum SMITH, Jr.

United States District Court E. D. Pennsylvania.

May 16, 1966.

Attorney(s) appearing for the Case

Leon S. Forman, Wexler, Mulder & Weisman, Philadelphia, Pa., for plaintiff.

Oliver C. Biddle, Ballard, Spahr, Andrews & Ingersoll, Philadelphia, Pa., for defendant.

LUONGO, District Judge.

This is a suit by Crompton-Richmond Co., Inc.—Factors (Factors) seeking to recover $25,000 from defendant on a written guarantee which provides:

"GUARANTEE For valuable consideration I guarantee to Crompton-Richmond Co., Inc. Factors performance of the factoring agreement between Crompton-Richmond Co., Inc. Factors and C. M. Jones & Company, Inc., Calhoun, Georgia, dated December 7, 1961...

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