Home Ice Co. v. Union Trust Co.

In May, 1931, the Arkansas Cold Storage Company, being largely indebted to the Union Trust Company, executed and delivered to it an instrument in writing called an “assignment” of “all of its book accounts and bills receivable due it from customers, and also all such accounts and bills receivable that may accrue or become due hereafter, until said indebtedness hereby secured is paid in full, the said book accounts and bills receivable being set out in a certain "list hereto attached, made a part of this agreement and marked Exhibit No. 1.”

Included in said book accounts so assigned was an…