Metropolitan National Bank v. Gold Stabeck Co.

Appeal from an order sustaining the objection of its receivers to a claim filed against Gold-Stabeck Company, an insolvent corporation. Several claims, identical in nature, are involved, although the order is before us for review with respect to but one of them. The controlling facts are these: Contemporaneously with her purchase from it of the bond referred to, Gold Stabeck Company (hereinafter referred to as the company) executed and delivered to the claimant an undertaking labeled “Agreement for Additional Interest.” Its recited consideration was the purchase of a first mortgage bond, the…