In the Matter of United Thrift Stores, Inc., Debtor. Redisco, Inc. v. United Thrift Stores, Inc., Debtor, and James E. Masterson, Trustee

OPINION

Before KALODNER, Chief Judge, and McLAUGHLIN and HASTIE, Circuity Judges.

*12KALODNER, Chief Judge.

Prior to its bankruptcy United Thrift Stores, Inc. purchased Kelvinator appliances from Redisco, Inc., financing sub-sidary of the American Motors Corporation which manufactured them.

Subsequent to the bankruptcy Redisco sought to reclaim from the bankrupt estate certain Kelvinator appliances or the proceeds of their sale. The Bankruptcy Referee denied the reclamation claim and the District Court reversed, 242 F.Supp. 714 (D.N.J.1965). This appeal by the bankrupt estate and its Trustee…