COURT OF APPEAL UPHOLDS "FACTORING"

New York Court of Appeals

By Pam Hunter

Quantum Corporate Funding, Ltd., Respondent, v. Westway Industries, Inc., Defendant, United States Fidelity and Guaranty Company, Appellant.

No.: 15
February 17, 2005

The New York Court of Appeals held that a subcontractor’s “assignee” was eligible to receive payment on a payment bond even though the assignee was not involved ... Log in to view the full text.