Viking Equipment Co. v. Phillips

HICKS, Circuit Judge.

Prior to its bankruptcy, Robinson-Mc-Gill Manufacturing Company, Inc., on October 19, 1928, contracted with Crawford & Slaten Company for the installation of an automatic sprinkler system, referred to as “Equipment,” in one of the buildings of its knitting mill at Shelbyville, Tenn. The contract price was $3,750.00, $625.00 of which was to be paid upon the completion of the work, and the remainder in five equal annual installments evidenced by promissory notes.

At the time of adjudication the bankrupt owed a balance of $3,125, and to obtain payment, petitioner sought to…