Apex Leasing Co. v. Litke

Plaintiff seeks to hold the defendant Litke Stores, Inc., accountable for certain property purchased by it from the defendant Samuel Litke, in alleged violation of section 44 of the Personal Property Law (Laws of 1914, chap. 507) containing what is known as the Bulk Sales Law of this state. . The facts were stipulated at the trial. Briefly, the material facts are as follows: On September 10, 1913, Samuel Litke leased from the plaintiff a store on Sixth avenue for five years from October 1, 1913, at $5,000 per annum, payable in equal monthly installments in advance. Upon the execution of the…