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CONGRESS FINANCIAL CORP. v. STERLING COIN-OP. MACH. CORP.

Civ. A. No. 40892.

335 F.Supp. 668 (1970)

CONGRESS FINANCIAL CORPORATION v. STERLING COIN-OP. MACHINERY CORPORATION et al.

United States District Court, E. D. Pennsylvania.

January 6, 1970.

Attorney(s) appearing for the Case

Edward Greer, Mesirov, Gelman, Jaffe & Levin, Philadelphia, Pa., for plaintiff.

Richard J. Gordon, Leonard J. Cook, Dilworth, Paxson, Kalish & Levy, Philadelphia, Pa., for defendants.

MEMORANDUM AND ORDER

FULLAM, District Judge.

In October of 1962, plaintiff entered into a written agreement with the defendant Sterling Coin-Op. Machinery Corporation for the financing of installment sales of dry-cleaning equipment by the defendant to its retail customers. Under the terms of this agreement, the defendant Sterling Coin-Op. Machinery Corporation guaranteed in extremely broad terms, the payment of all such installment contracts by the debtors...

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