Casey Jones, Inc. v. Texas Textile Mills, Inc.

HOLMES, Circuit Judge.

This appeal is in a corporate reorganization proceeding, under section 77B of the Bankruptcy Act (11 U.S.C.A. § 207). The appellant complains of an order denying it a refund of part of the price paid for cotton goods bought of the debtor, appellee herein.

The latter, while operating under orders of court, entered into a contract with appellant on September 11, 1935, whereby it sold, and appellant purchased, 500 bales of cotton cloth manufactured by the seller, at the stipulated price of 13% cents per yard; title to pass immediately, the goods to be stored in a designated…