Salem Trust Co. v. Manufacturers' Finance Co.

On May 16, 1919, the Nelson Blower & Furnace Company, a Massachusetts corporation, assigned to the petitioner for a valuable consideration indebtedness to the amount of $45,000 due or to become due to the Nelson Company from the Murray & Tregurtha Corporation, under a contract whereby the Nelson Company was to construct certain engines for the latter. July 15, 1919, the Nelson Company for a valid consideration assigned to the respondent, Manufacturers’ Finance Company, the same indebtedness to the amount of $40,000, and on September 20 made another assignment to the Finance Company of the…