Plaintiff, a West German bank, brings this action to collect the loans it made to defendant, from December 1973 through 1976. The bank seeks judgment in the amount of 1,298,102.84 German marks which, when converted into dollars on the date of breach, equals $503,534.09. Plaintiff here moves for summary judgment. Defendant opposes the motion on the ground, inter alia, that on July 2, 1976, plaintiff entered a claim against...
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