In the latter part of July, 1930, claimant and Harry Goodman commenced active business under the firm name of Grand Textile Company, under agreement made June 27, 1930. Goodman was an officer and stockholder to the extent of 20 of a total of 250 shares in bankrupt which was adjudicated as such on August 7, 1931, and controlled its affairs. I shall assume, without deciding, that the firm was not a mere...
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