Broad Street National Bank v. Lit Bros

Opinion by

Mr. Justice Wauling,

In August, 1924, the Barke-Gibbon Company, Inc., engaged in the manufacture and sale of shoes in Philadelphia, was adjudged bankrupt. During the previous May it had, as one transaction, sold and delivered to Lit Brothers, for a fair price and in good faith, all the shoes it had in stock. This was done without compliance with the Bulk Sales Act of May 23, 1919, P. L. 262, and a creditor of the bankrupt corporation brought this suit in equity against Lit Brothers. In view of our decision in Gitt v. Hoke et al., 301 Pa. 31, the lower court held that the Bulk Sales…