[Download] "Amtorg Trading Corp. v. Miehle Printing Press & Mfg. Co." by United States Court Of Appeals Second Circuit ~ Book PDF Kindle ePub Free
eBook details
- Title: Amtorg Trading Corp. v. Miehle Printing Press & Mfg. Co.
- Author : United States Court Of Appeals Second Circuit
- Release Date : January 22, 1953
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 75 KB
Description
On August 1, 1947, plaintiff, Amtorg Trading Corporation, the Soviet purchasing agency in New York, entered into a written contract with defendants predecessor in interest for the purchase of 30 printing presses, f.o.b. Milwaukee, for the avowed purpose of exporting them to Russia. The presses, designed for a special purpose - printing of currency - were to be manufactured according to specifications by the press manufacturing company to whose interests the present defendant has succeeded under circumstances not here pertinent. The contract called for the delivery of 10 presses by February, 1948, 10 more by March, 1948, and the final 10 in April, 1948. The total price was $352,035.90, of which a down payment of 25 per cent or $88,008.97 was required and paid. The first lot of 10 presses was delivered in February, 1948, and Amtorg duly paid for the balance due upon it over the 25 per cent advance credited to that group. There remained a prepayment toward the remaining 20 presses of $59,946.47 still held by defendant, although delivery of these presses has never been made because of circumstances now to be related.
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