Evans v. Stanwood Rubber Co.

Backes, V. C.

Shortly before the defendant company was declared insolvent it overdrew its account with the Union Trust Company, of Elizabeth, to the extent of $10,727.88. It was then hopelessly insolvent and unable to make restitution. To secure the trust company it executed and delivered to it the following paper writing:

“Know all men by these presents:

That, Stanwood Rubber Company, a Delaware corporation, for value received hereby sells, assigns, transfers and sets over unto (sic) all those automobile tires listed and described in schedule hereto attached.

*631This assignment is made as…