In re Coe
Court of Appeals for the Second Circuit
Appeal from the District Court of the United States for the Southern District of New York. In the matter of bankruptcy proceedings of Edward P. Coe and William H. Knox, individually and as members of the bankrupt firm of Cadenas & Coe. From an order of the District Court (169 Fed. 1002) reversing a referee’s order expunging the claim of the Sovereign Bank of Canada against the individual estate of Edward P. Coe, the trustee appeals.
1Opinion of the Court
WARD, Circuit Judge.
We band down with this an opinion in the matter of J. V. A. Qattus, a bankrupt, holding that under the trust receipts in common use the banker who advances the purchase price of the goods is the owner of them, and what is there said on this subject need not now be repeated. The course of dealing in this case was that the Sovereign Bank of Canada issued to Cadenas & Coe letters of credit under which their agents in South Africa were authorized to value on the National Bank of South Africa, correspondents of the Sovereign Bank, up to a certain amount for the price of ostrich…
2Cases cited4 opinions
- In re Jordan & BlakeDistrict Court, D. Maine · 1880
- Home Bank v. J. B. Brewster & Co.Appellate Division of the Supreme Court of the State of New York · 1898
- In re BlackfordAppellate Division of the Supreme Court of the State of New York · 1898
- In re BaxterDistrict Court, S.D. New York · 1878
3Cited by14 opinions
- Myers v. International Trust Co.Supreme Court of the United States · 1927
- Peoples National Bank v. MulhollandMassachusetts Supreme Judicial Court · 1917
- In re A. E. Fountain, Inc.Court of Appeals for the Second Circuit · 1922
- William J. Rochelle, Jr., Trustee v. United StatesCourt of Appeals for the Fifth Circuit · 1975
- Reynolds v. New York Trust Co.Court of Appeals for the First Circuit · 1911
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