In re the Accounting of Ludeke

The creditors having been satisfied, the accounting of the assignee is with his assignor respecting the surplus coming to the latter. The chief contention arises over a payment of $2,500 made by the assignee in compromise of a claim for rent to accrue upon a lease. When the assignee took possession of the assignor’s stock in trade on January 30, 1896, it was in the premises Flo. 3 Maiden Lane, of which the assignor had a lease with an- unexpired term of four years and three months, at an annual rental of $8,000 to May, 1897, and $9,000 thereafter, the lessor having the right in case of…