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WAGNER v. PEACE

No. 658.

5 F.Supp. 899 (1934)

WAGNER v. PEACE.

District Court, M. D. North Carolina.

February 6, 1934.

Attorney(s) appearing for the Case

H. R. Kyser, of Thomasville, N. C., for claimant.

H. E. Olive (of Spruill & Olive), of Lexington, N. C., and D. Newton Farnell, Jr., of Greensboro, N. C., for trustee in bankruptcy.

HAYES, District Judge.

The claimant, Miss Stella L. Wagner, made a loan of $3,000 in money to A. T. Peace, bankrupt, on December 22, 1931, and received from the bankrupt a chattel mortgage on a stock of merchandise and certain enumerated fixtures securing repayment of the loan in ten days. It was understood and agreed between the parties that the bankrupt was to remain in the possession of the stock of merchandise and sell...

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