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SLATE ADVANCE v. SAYGAN GLOBAL STEEL, LTD.

2021-06735, Index No. 601122/21.

206 A.D.3d 782 (2022)

167 N.Y.S.3d 824

2022 NY Slip Op 03761

Slate Advance, Appellant, v. Saygan Global Steel, Ltd., et al., Respondents.

Appellate Division of the Supreme Court of New York, Second Department.

Decided June 8, 2022.

Attorney(s) appearing for the Case

Weinstein & Weinstein, LLP, Cedarhurst, NY (Israel D. Weinstein and Jacob Z. Weinstein, of Counsel) for appellant.

Amos Weinberg, Great Neck, NY, for respondents.

Dillon, J.P., Roman, Maltese and Dowling, JJ., concur.

Ordered that the order is affirmed, with costs.

The plaintiff and the defendant Saygan Global Steel, Ltd. (hereinafter SGS), entered into a written merchant agreement pursuant to which SGS sold and the plaintiff purchased 13% of SGS's future accounts, contract rights, and other obligations for the sum of $60,000. In exchange for the purchase, SGS was obligated to authorize the plaintiff to automatically debit $899 from its bank account each business day, until the...

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