Kodak v. Mardis

BAYLEY, J:,

Defendant has taken numerous exceptions to this court’s decree nisi of February 4, 1985, directing defendant James T. Mardis, Sr., to pay to the trustee in bankruptcy of Penn State Aluminum Company, Inc. all sums previously received by him, with interest, and all sums to be received by him under agreement of sale dated October 29, 1979, between Penn State-Aluminum Company, Inc. and Pennex Aluminum Corporation. The chancellor held that the transfer under the aforesaid agreement of sale, although for valid consideration, violated §357 of the Uniform Fraudulent Conveyances Act and…