Jaquith v. Alden
Supreme Court of the United States
APPEAL FROM THE CIRCUIT COURT OF APPEALS FOR THE FIRST CIRCUIT. E. N. Woodward et al. filed their petition in bankruptcy and were adjudicated bankrupts November 26, 1901. They had become insolvent August 15, and on that day were not indebted to G. Edwin Alden-, who, afterwards, in ignorance of ¿he insolvency, made sales to Woodward et al. and received payments from them therefor in the regular course of business, and without any idea or intention on the part of Alden of…
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APPEAL FROM THE CIRCUIT COURT OF APPEALS FOR THE FIRST CIRCUIT. E. N. Woodward et al. filed their petition in bankruptcy and were adjudicated bankrupts November 26, 1901. They had become insolvent August 15, and on that day were not indebted to G. Edwin Alden-, who, afterwards, in ignorance of ¿he insolvency, made sales to Woodward et al. and received payments from them therefor in the regular course of business, and without any idea or intention on the part of Alden of obtaining a preference thereby, the sales and payments being as follows: “ Sales. ■ “Aug. 17, 1901. Rubber........ . $289 46…
1Opinion of the CourtChief Justice Fuller
The facts found established that on August 15 the aggregate of the property of the bankrupts was not, at a fair valuation, sufficient in amount to pay their debts, but that Alden was ignorant of this, and in good faith and in the regular course of business sold material to the bankrupts, and received payment therefor, several times between August 15,and November 26, when the petition was filed, on which day the amount of $546.89 for material delivered shortly before had not been paid. All the material so sold to them was manufactured by the bankrupts and increased their estate in value.
The…
2Cases cited1 opinion
- Pirie v. Chicago Title & Trust Co.Supreme Court of the United States · 1901
3Cited by49 opinions
- New York County National Bank v. MasseySupreme Court of the United States · 1904
- Thomas W. Garland, Inc. v. Union Electric Co. (In Re Thomas W. Garland, Inc.)United States Bankruptcy Court, E.D. Missouri · 1982
- Pettigrew v. Trust Co. Bank (In Re Bishop)United States Bankruptcy Court, N.D. Georgia · 1982
- Greey v. DockendorffSupreme Court of the United States · 1913
- Bernstein v. Alpha Associates, Inc. (In Re Frigitemp Corp.)District Court, S.D. New York · 1983
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