Geraghty v. National Bank of Commerce

Plaintiff, as receiver of Shef’s No. 1, Inc., an insolvent corporation, instituted this action to recover the sum of $271.60 upon the ground that the sum sued for constituted an unlawful and preferential payment made to defendant by the insolvent corporation.

After the cause was at issue, it was tried to the court upon an agreed statement of facts. Thereafter, the court made its findings and entered judgment for plaintiff. The defendant has appealed. The single assignment of error is that the judgment is not supported by the findings of fact.

The pertinent portion of the agreed statement of…