Fishman v. Davis

HUXMAN, Circuit Judge.

International Drug Sales Company, a corporation, engaged in business in Denver, Colorado, was adjudged a bankrupt. Jeannette Felsen Fishman, herein called claimant, filed her verified claim in the sum of $3,841.88, based upon a promissory note of the bankrupt secured by a chattel mortgage covering various fixtures and equipment.

The trustee objected to the claim on four grounds:

1. That the giving of the chattel mortgage was in violation of Section 28, Chapter 89 of the Colorado Statutes of 1935, Annotated, which prohibits the loaning of money between wholesalers or…