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GRUBB v. GENERAL CONTRACT PURCHASE CORPORATION

18 F.Supp. 680 (1937)

GRUBB v. GENERAL CONTRACT PURCHASE CORPORATION.

District Court, S. D. New York.

January 7, 1937.

Attorney(s) appearing for the Case

Krause, Hirsch & Levin, of New York City (George C. Levin and Elliot L. Krause, both of New York City, of counsel), for plaintiff.

Harold H. Kissam, of New York City (Lloyd F. Thanhouser, of New York City, of counsel), for defendant.

PATTERSON, District Judge.

The trustee in bankruptcy of William P. Smith Company, Inc., brought an action at law to recover $37,500, alleged to have been received by the defendant as a voidable preference. The $37,500 was made up of three sums — $25,000 received on May 15, 1935, and $6,000 and $6,500 received on May 18, 1935. A jury was waived.

Down to the time of bankruptcy on June 6, 1935, the bankrupt was a corporation engaged in selling automobiles...

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