American Rug & Carpet Co. v. Herman

Lewis, David C., J.

Under date of the 11th of April, 1932, the defendant executed a document designated “ Deed of Trust and Assignment to one William Budd DeLacey, as Trustee.” From this instrument we learn,

“ Whereas, the debtor is indebted to divers persons in sundry sums of money, which the debtor is unable to pay in full and is desirous of providing for the •payment of the same by an assignment of all personal property and assets for that purpose, now

“ Therefore, the debtor in consideration of the premises * * * has granted, bargained, sold, etc. * * * unto the said trustee, all assets and…