Cockey v. Hospelhorn

The single question presented by this appeal is whether appellants, trustees of the Montvale Lumber Company, are entitled to set off the sum of $8587.79 admittedly owing by them to appellee as receiver of the Baltimore Trust Company on account of its distributive share of the lumber company’s assets, against an amount of 23,186.21, representing a balance due them upon two certificates of indebtedness issued by The Baltimore Trust Company prior to the appointment of appellee as receiver of that corporation. Without filing an opinion, the chancellor, by sustaining appellee’s demurrer to…