United Const. Co. v. Milam

McALLISTER, Circuit Judge.

On April 9, 1937, the United Construction Company, appellant herein, sold five barges to the Diamond Rock Asphalt Corporation. The barges were located in Illinois on the banks of the Mississippi, and the contract of sale, described as a conditional sales agreement, recited that it was executed in Illinois, and provided that it was to be construed according to the laws of that state. Thereafter, the barges were removed to Kentucky, and while there, the buyer became an involuntary bankrupt on July 2, 1937, under the provisions of former Section 77B of the Bankruptcy…