Curtis L. Mann, Trustee of the Estate of Edward William Kline, Bankrupt v. Clark Oil & Refining Corporation

The Trustee in bankruptcy brought an action in the district court to set aside certain preferential transfers made by the bankrupt Edward William Kline to the defendant Clark Oil & Refining Corporation [hereinafter Clark Oil]. The alleged preferential transfers involved, inter alia, $1,250 representing proceeds from the sale of gasoline and $630 worth of gasoline still remaining on the premises on December 4, 1967. It was alleged th^t these transfers occurred when the bankrupt terminated his lease of a filling station with the defendant Clark Oil. This occurred on December 4, 1967. The…