Hoja v. Motoc

Tom Peterson owned and operated a grocery and meat market. He owed plaintiff $1,000. Without complying with the bulk sales law (2 Comp. Laws 1915, § 6346 et seq.), Peterson sold the stock and fixtures to defendant Motoc for $1,350. Plaintiff, as creditor of Peterson, filed the bill herein to have Motoc declared receiver of the property for the benefit of Peterson’s creditors. Defendant Landry, as trustee in bankruptcy of Peterson, a bankrupt, intervened and asked that Motoc pay him the value of the property for the benefit of the creditors of the bank-, rupt. Motoc claimed that, a few days…