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IRVING TRUST CO. v. TEXTILE BANKING CO.

3 F.Supp. 816 (1932)

IRVING TRUST CO. v. TEXTILE BANKING CO., Inc.

District Court, S. D. New York.

August 4, 1932.

Attorney(s) appearing for the Case

Marx, Goldberg & Kahn, of New York City (by Laurence A. Kahn, of New York City), for plaintiff.

White & Case, of New York City (by William St. John Tozer and Milton A. Kramer, both of New York City), for defendant.

BONDY, District Judge.

The defendant acted as factor for the American Rayon Products Corporation. It did not consider the bankrupt a good credit risk, and required the American Rayon Products Corporation to guarantee the bankrupt's account. The last shipment made to the bankrupt on defendant's account was on July 8, 1929. After repeated demands, the bankrupt delivered to the defendant on September 20, 1929, a check for $2,763.20, dated October 1, 1929, and another...

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