Industrial Credit Company v. Cushing

WEBBER, Justice.

On appeal on an agreed statement of facts. In the course of bankruptcy proceedings the owners of certain personal property on July 10, 1961 sold the same to one Halpern by a conditional sale contract. Halpern received the funds required to finance the sale from the plaintiff. A conditional sale agreement prepared by the plaintiff was executed by the vendor and vendee and simultaneously an assignment thereof by the vendor to plaintiff, also prepared by the plaintiff, was executed by the vendor. Plaintiff thereupon paid to the vendor the full purchase price. The conditional sale…