Pemberton v. Longmire

This is an action commenced by M. D. Pemberton, trustee in bankruptcy of the Philmor Corporation, against defendant in error, W. M. Long-mire, to recover, for the benefit of the creditors of said corporation, $8,540.25 alleged to have been collected by defendant from the Philmor Corporation and wrongfully applied on a debt owed by Phil Freedman to defendant for the purchase price of 89 shares of the capital stock of said corporation which had been sold by defendant to Phil Freedman.

The Philmor Corporation was organized about September, 1937, under the laws of the State of Oklahoma with…