Chatham Pharmaceuticals, Inc. v. Angier Chemical Co.

This is a bill to establish the amount due from the defendant corporation and to reach and apply the alleged obligations of the noncorporate defendants (the assignees) “to assume the obligations and liabilities” of the defendant corporation. The Superior Court entered an interlocutory decree taking the bill as confessed against the corporate defendant. A final decree was entered favorable to the plaintiff from which only the assignees appealed. The evidence is reported.

The trial judge made a report of material facts, which we summarize. On September 1, 1957, the plaintiff and the defendant…