In Re Sarex Corporation, Bankrupt. Selena Goudeau v. Irving Arzt, Trustee of Sarex Corporation, Bankrupt

OAKES, Circuit Judge:

As long as the language of law is ambiguous as it so often is, and so long as lawyers (or laymen) fail to take the time or omit to exercise the acuity necessary to eliminate or reduce that ambiguity, there will be law suits like this one that could have been avoided. The question on this appeal relates to the meaning of a security agreement and the sufficiency of its description of the property secured. Like the bankruptcy judge, Roy Babitt, and the district court judge, Lawrence W. Pierce, of the United States District Court for the Southern District of New York, we hold…