Pennell v. . Robinson

Tbis is an action brought by tbe plaintiff as trustee in bankruptcy of M. J. McElreatb & Son, bankrupts, to recover possession of, or tbe value of, tbe stock of merchandise sold by M. J. McElreatb & Son to tbe defendants.

It is admitted that tbe defendants purchased tbe stock of goods at tbe time plaintiffs were indebted to various creditors, without a compliance with tbe provisions of tbe statute regulating “sales in bulk,” and that they paid a fair price for tbe same; that tbe same was purchased in good faith, and without legal knowledge or notice of tbe insolvency of tbe bankrupts, or that…