Murphy v. Malone (In Re Century Steel, Inc.)

WESLEY W. STEEN, Bankruptcy Judge.

REASONS FOR JUDGMENT

This case presents very difficult issues for decision because the parties failed to define their reciprocal legal rights and obligations at the time that the Complainant paid the sum of $2,000.00 to the Defendant. Subsequent to that payment, the automobile that was the object of the transaction was destroyed; there was no insurance. Each party now seeks to define his legal relationship in a manner that would permit maximum recovery. The Court makes the following findings of fact from stipulation of counsel, from documents introduced into…