Mayfield Woolen Mills v. Goodrich & Martineau Co.

From the stipulation it appears that the defendant, Goodrich ó- Martineau Company, a Wisconsin corporation, being unable to meet the financial demands against it, although claiming to be solvent, on September 3, 1924, made, executed, and delivered to three trustees an assignment of all of its property, real and personal, for the benefit of its creditors. The instrument did not comply with the statutes on voluntary assignments and was more in the nature of a common-law assignment. It was not, in some minor respects, non-preferential, because it authorized the trustees to liquidate and settle…