Blumenstein v. Phillips Insurance Center, Inc.

OPINION

Before BONEY, C. J., and DIMOND, RABINOWITZ, and CONNOR, JJ. CONNOR, Justice.

Appellant sold a small vessel to a corporation under a conditional sale contract in 1966. During the next year appellant obtained a reconveyance of the vessel to himself. Shortly thereafter appellee Phillips Insurance Center, Inc., hereafter called Phillips, attached the vessel to satisfy a debt owing by the corporation to appellee Phillips. The superior court held that the reconveyance of the vessel to appellant was in fraud of creditors and that the attachment by appellee Phillips should take precedence over…