Nelse Mortensen & Co., Inc. v. Kenneth S. Treadwell, Trustee of Puget Sound Products Co., a Corporation, Debtor, and Seattle Association of Credit Men

JAMES ALGER FEE, Circuit Judge.

In 1947, the United States sold certain land, building and equipment to Puget Sound Products Co., which at the time of the determination here in question was undergoing reorganization according to the provisions of Chapter X under the jurisdiction of the Bankruptcy Court. A quit-claim deed was given Puget Sound, conveying the real property and improvements thereon and, in addition, several, described articles of equipment. Puget Sound gave back to the United States a note and purchase money mortgage on the real property and improvements, and, separately, a note…