General Electric Credit Corp. v. Xerox Corp.
Cases that cite this one
8 later published cases cite this decision.
- CIT Group/Commercial Services, Inc. v. Constellation Energy Commodities Group, Inc. (In re Black Diamond Mining Co.) (6th Cir. 2015)
- Riviera Finance of Texas, Inc. v. Capgemini US, LLC (2d Cir. 2013)
- Liberty Steel Products, Inc. v. Franco Steel Corp. (District Court, N.D. Ohio 1999)
- Panda Capital Corp. v. Kopo International, Inc. (Appellate Division of the Supreme Court of New York 1997)
- Fidata Trust Co. v. Federal Deposit Insurance (District Court, S.D. New York 1993)
- Ford Motor Credit Co. v. Sofia (Civil Court of the City of New York 1990)
- Townside Furniture & Decorators, Inc. v. Best Lumber & Millwork Co. (Appellate Division of the Supreme Court of New York 1989)
- Cuba Cheese, Inc. v. Aurora Valley Meats, Inc. (Appellate Division of the Supreme Court of New York 1985)
This list shows which later cases cite this one. It does not say how they treated it, and no review of that has been done. Not a substitute for Shepard’s or KeyCite — verify before relying.
Opinion of the Court
Order unanimously affirmed, with costs. Memorandum: Special Term correctly found that the nonassignment clause in the master lease agreement between William Thom & Company (Thom) and Xerox is valid but that it is merely a personal covenant by Thom not to assign its rights under the agreement without the consent of Xerox. Plaintiff, Thom’s assignee, was thus not barred from bringing this action (see, Sullivan v International Fid. Ins. Co., 96 AD2d 555). Although the agreement between Thom and Xerox was a bare lease and, without more, would not be within the scope of the Uniform Commercial Code (see, Mileasing Co. v Hogan, 87 AD2d 961), the parties agreed that UCC remedies are applicable in the event of default. Plaintiff contends that Xerox may not avail itself of those remedies because it accepted the equipment (UCC 2-606 [1]); did not give notice of the breach within a reasonable time after discovery (UCC 2-607 [3] [a]); nor revoke acceptance in a timely manner (UCC 2-608 [2]). Although it is clear that Xerox did not notify plaintiff that it considered the agreement breached, a question of fact exists as to whether Xerox, which denies being aware of the assignment, was under an
Case-law data current through December 31, 2025. Source: CourtListener bulk data.