Salzer v. Victor Lynn Corp.

The issue to be decided is the rights in funds held in a bank account in the name of “Victor Lynn Corporation, Oven Division”. On November 4, 1970, plaintiff attached these funds to satisfy a judgment against Lynn. Matrix intervened and claimed ownership under an agreement with Lynn resulting from the sale to Lynn of Matrix’s “Micro-Wave Oven” business. Salzer and Matrix filed an agreed statement of facts with the Trial Court (King, J.). The court made findings and rulings and held that Salzer was entitled to satisfy his judgment against Lynn from the funds in this account. Matrix’s…