Detroit & Security Trust Co. v. Finance Service Co.

TUTTLE, District Judge.

■ This suit involves the question as to which of two assignees of the same assignor is entitled to priority in the proceeds of the collection of certain accounts receivable, and of certain promissory notes executed in connection therewith, formerly belonging to such-assignor. The assignor is Piggott’s, Inc., a Michigan corporation, engaged until recently in the retail furniture business in Bay City, Mich., hereinafter called the dealer. One of the assignees is the Commercial Investment Trust, a Massachusetts common-law trust, engaged in the business of financing…