Refrigeration Discount Corp. v. Metzger

WATSON, District Judge.

The plaintiff, a subsidiary of the Kelvinator Corporation of Detroit, is a Michigan corporation with its principal office in Detroit, Mich., engaged in the business of financing the purchase and sale of refrigerators, refrigeration equipment, etc., and dealing in all forms of evidences of indebtedness and securities.

The plaintiff, during the years of 1928, 1929, and 1930, financed the sale of refrigerators and refrigeration equipment by means of bailment leases and trust receipts.

*749Conditional sale contracts were used for a short period in 1928.

The commonwealth of…