—Judgment, Supreme Court, New York County (Ira Gammerman, J.), entered April 30, 1997, dismissing the complaint, and bringing up for review an order, entered April 23, 1997, which, in an action for fraud and negligent misrepresentation by plaintiff sellers of textiles against defendant factor, granted defendant’s motion for summary judgment dismissing the complaint, unanimously affirmed, with costs. Appeal from the order unanimously dismissed, without costs, as subsumed within the appeal from the judgment.
The reasonableness of plaintiffs’ reliance on anything defendant said or did not say about the financial condition of plaintiffs’ customer who went bankrupt has nothing to do with the parties’ credibility, but with their relationship as defined by their factoring agreements. The agreements provided that the risk of loss from a customer’s failure to pay receivables at maturity would be on plaintiffs unless defendant approved of the customer’s credit in writing. Having agreed to assume the risk of loss in the absence of written credit approval, it was not reasonable for plaintiff, a sophisticated business entity that presumably had access to any number of sources of information about the creditworthiness of its customers, to rely on defendant’s alleged oral representations as a substitute for the prescribed written approval. Nor did plaintiffs adduce facts tending to show a special or fiduciary relationship with defendant, a necessary element of the tort of negligent misrepresentation (see, Kimmell v Schaefer,