|
|
Corn Exchange Nat’l Bank & Trust Co., 318 U.S. 434 (1943)
Contents:
Show Summary
Hide Summary
General SummaryThis case is from a collection containing the full text of over 16,000 Supreme Court cases from 1793 to the present. The body of Supreme Court decisions are, effectively, the final interpretation of the Constitution. Only an amendment to the Constitution can permanently overturn an interpretation and this has happened only four times in American history.
Corn Exchange Nat’l Bank & Trust Co., 318 U.S. 434 (1943)
Corn Exchange National Bank & Trust Co. No. 452 Argued February 2, 3, 1943 Decided March 8, 1943 318 U.S. 434
CERTIORARI TO THE CIRCUIT COURT OF APPEALS
FOR THE THIRD CIRCUIT
Syllabus
Within four months of bankruptcy, the debtor had assigned accounts receivable as security for concurrent loans. Notice to those who owed the accounts was not given, although, under applicable local law, notice was necessary in order to preclude possible superior right in subsequent bona fide purchasers of the accounts.
Held, that the assignments were preferential under § 60(a) of the Bankruptcy Act, and thus avoidable by the trustee in bankruptcy under § 60(b) thereof. P. 439.
129 F.2d 24, 894, affirmed.
Certiorari, 317 U.S. 617, to review the reversal of an order of the bankruptcy court which affirmed orders of the Referee allowing certain claims of the petitioners as secured claims against the bankrupt estate.
Contents:
Chicago: U.S. Supreme Court, "Syllabus," Corn Exchange Nat’l Bank & Trust Co., 318 U.S. 434 (1943) in 318 U.S. 434 Original Sources, accessed November 22, 2024, http://originalsources.com/Document.aspx?DocID=I9ZD6EIK44MIAUJ.
MLA: U.S. Supreme Court. "Syllabus." Corn Exchange Nat’l Bank & Trust Co., 318 U.S. 434 (1943), in 318 U.S. 434, Original Sources. 22 Nov. 2024. http://originalsources.com/Document.aspx?DocID=I9ZD6EIK44MIAUJ.
Harvard: U.S. Supreme Court, 'Syllabus' in Corn Exchange Nat’l Bank & Trust Co., 318 U.S. 434 (1943). cited in 1943, 318 U.S. 434. Original Sources, retrieved 22 November 2024, from http://originalsources.com/Document.aspx?DocID=I9ZD6EIK44MIAUJ.
|