by admin | May 13, 2017 | Creditors Rights
We are often asked about dealing with customers through sales agents. In New York, basic Agency Law provides that an agent cannot be held responsible for the debt of a disclosed principal, unless the agent specifically agrees to become liable, either jointly or...
by admin | May 13, 2017 | Creditors Rights
Your company ships and invoices for $10,000 for goods sold and delivered. You receive in response a check in the sum of $7500 marked “full and final payment” with a note from the customer, “Some of the goods were not specifically what I ordered. I don’t think it’s...
by admin | May 13, 2017 | Creditors Rights
Under prevailing New York law, a remitter (purchaser) of a bank check can stop payment after ninety days from the date of issuance. There are certain criteria that must be met in order for that direction to be effective. The stop payment is effective if the remitter,...
by admin | May 13, 2017 | Creditors Rights
Lester P. Taroff, a Partner in the firm’s Creditors’ Rights Department, received a decision from the Supreme Court of the State of New York, County of Suffolk, which denied a judgment-debtor the right to claim a homestead exemption for his “motor home”. Under New York...
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