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PETROLEUM MKTG. CORP. v. METRO. P. CORP.

396 Pa. 48 (1959)

Petroleum Marketing Corporation, Appellant, v. Metropolitan Petroleum Corporation.

Supreme Court of Pennsylvania.

May 28, 1959.

Attorney(s) appearing for the Case

Sidney L. Wickenhaver, with him Montgomery, McCracken, Walker & Rhoads, for appellants.

Arthur E. Newbold, III, with him Barnes, Dechert, Price, Myers & Rhoads, for appellee.

Thomas A. Masterson, for appellees.

Before JONES, C.J., BELL, MUSMANNO, JONES, COHEN, BOK and McBRIDE, JJ.

OPINION BY MR. JUSTICE BOK, May 28, 1959:

This case, proceeding in equity, concerns the collection of accounts receivable as part of the sale of a fuel oil business. The court below, confirming en banc the chancellor, found for the defendants and plaintiffs have appealed.

The sale of plaintiffs' business was made to defendant Metropolitan Petroleum Corporation for $1,250,000. Metropolitan, in accordance with the agreement of sale, assigned its rights to Gillin...

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