Field Furniture Co. v. Community Loan Co.

Opinion op the Court by

Creal, Commissioner

Affirming.

On January 19, 1933, the partnership of Josselsou Bros., engaged in the furniture business in Ashland, Ky., by and through Alex Josselson, the acting managing agent of the firm, made an assignment for the benefit of creditors to David Pfeifer. Under the deed of assignment the firm conveyed to the assignee their entire stock of merchandise then on hand consisting of furniture, rugs, draperies, shades, and furniture and fixtures in the storeroom, motortrucks used in connection with the business, and also “all accounts receivable of the firm…