【文章內(nèi)容簡介】 cts by trial as follows： On July 5, 1999, the business license of Jiangnan Company was revoked by Administration for Industry and Commerce of Hunchun City without participating in the annual examination and the pany was informed that the credit and debt should be settled by itself. On June 1, 2001, Economic Development Bureau of Border Economic Cooperation Zone of Hunchun City issued the （2001） . No. 53 document that determined Jiangnan Company to form a liquidating group and define members of the group and their duties. Public Order Division of Public Security Bureau of Hunchun City issued a confirming documentation certifying that：the official seal of the Liquidating Group had been put on file according to law. Jiang Nanchun, former legal representative of Jiangnan Company, submitted a written document explaining that： 1. Jiangnan Company, proposed by him, consented to form the Liquidating Group and appointed Song Mingnan as leader of the group, Jin Longhua as deputy leader, Lu Xiangji, Li Shunzi and Jin Changhao as members of the group； 2. He agreed that Jin Longhua should be responsible for the liquidation work and all related legal affairs. Therefore, the Liquidating Group that was formed in accordance with the legal procedure and shall be responsible for settlement of the credit and debt of Jiangnan Company has the qualification of subject of action. ⑵ Parties B Jiangnan Company and KOMARA Co. singed the fully automatic glove machine purchases and sales contract with Party A Feida Co. on May 6, 1998. The contract stipulated that： Party A shall order 680 sets of Songguo or Daojin brand F7F10 type fully automatic glove machines made in Japan from Parties B （for the detailed plan of supply, refer to the fax from South Korea）； the time of delivery was from May 8, 1998 to January 8, 1999； RMB￥17000 per set . Tumen Railway Station； place of delivery： Tumen Railway Station； full payment on delivery after arrival of the machines at Tumen Railway Station； the railway freight shall be borne by Party A； in case either party breaches the contract, the party breaching the contract shall pensate the other party with 20% of the total price of the part of the contract that is not performed as fine for breach of contract. The contract was sealed by Party A and signed by Zong Guangpei, legal representative of Party A, Jin Longhua, agent of Party B Jiangnan Company, sealed by KOMARA Co. and signed by Jiang Dajian, representative of KOMARA Co. After the contract was signed, the plaintiff delivered fully automatic glove machines and parts worth RMB￥793, 573 to the defendant. Feida Co. paid RMB￥471, 266 to the plaintiff for the glove machines and owes the plaintiff RMB￥322, 307. The special import duty payin warrant of Hunchun Customs and the agent import certificate of Hunchun Border Trade Company can certify that： Hunchun Border Trade Company which acted as an agent of Jiangnan Company imported 57 sets of glove knitting machines from South Korea on August 10, 1998 and Jiangnan Company paid Hunchun Border Trade Company RMB￥7700 for agency mission, certification, modity inspection, port management and others. During performance of the contract, the correspondence between Zong Guangpei, legal representative of Feida Co. and Jin Longhua, authorized agent of Jiangnan Company, can certify that both parties have actually fulfilled the purchase and sales contract. Therefore, the fully automatic glove machines purchase and sales contract signed by and between the two plaintiffs and the defendant is the declaration of will of both parties and is a valid contract. In addition, to fulfill the contract, Jiangnan Company paid Feida Co. RMB￥4, of freight in advance for the shipment of the glove machine. ⑶ Party A Feida Co. and Party B Jiangnan Company signed a reconciliation agreement on December 18, 1998. The agreement stated that： the contract on Party A39。s purchase of the pleteset footwear machine used by Party B39。s joint venture from Party B was signed by and between both Party A and Party B on July 24, 1997 and the contract on purchase of the fully automatic glove machines imported from South Korea that were operated by the joint venture between Party B and KOMARA Co., Pusan, South Korea, was signed by and between both parties on May 6,1998. During execution of the two contracts, the contracts couldn39。t be performed for reasons. Both parties had a dispute about relevant issues. Then Party B filed a suit in Intermediate Peoples Court of Korean Autonomous Prefecture of Yanbian, Jilin Province. Now both parties came to a reconciliation agreement through friendly negotiation between legal representatives of both parties as follows： 1. The total price of the footwear machines is calculated as RMB￥935,000, and Party A shall pay Party B RMB￥180,000 in lump sum for the footwear machines in addition to the money paid to Party B and the money paid by Party A in advance during sales； 2. The total price of the glove machines, seaming machines and fittings is calculated as RMB￥845, 308, and Party A shall pay Party B RMB￥80, 000 （eighty thousand yuan only） in lump sum in addition to RMB￥765, 308 paid by Party A for the glove machines, seaming machines and fittings； 3. Party A shall pay Party B RMB￥260, 000 （two hundred and sixty thousand yuan only） in lump sum of the above two items； 4. Party B shall immediately go through the formalities of withdrawing the action and unblocking the assets after the agreement is signed and at the same time, fax the nonpros award of Intermediate Peoples Court of Korean Autonomous Prefecture of Yanbian to Peoples Court of Zhuji City and send the original via EMS to Party A； 5. The agreement shall e into force after it is signed by legal representatives of both parties. Neither party shall make an objection against the other party for any reason or in any excuse. Neither party shall affix the responsibility of the other party； 6. After the agreement is signed, Party A shall pay Party B RMB￥260, 000 （two hundred and sixty thousand yuan only） in lump sum by the nonpros award of Intermediate Peoples Court of Korean Autonomous Prefecture of Yanbian. The agreement was s