Bank of America Nat. Trust & Savings Ass'n v. Fisher

SAWTELLE, Circuit Judge.

In this proceeding, the receiver of the Lake View Oil & Refining Company sought the advice of the lower court regarding three contracts between that corporation and the appellee. The court had before it no eviden-tiary matter, and therefore was largely dependent upon the terms and provisions of the contracts themselves for guidance.

The court below interpreted the contracts as giving the appellee “an interest in the oil product,” and instructed the receiver “to act in accordance” with that interpretation. The court also entered an “order approving contracts with John H.…