Johnson v. Emerson Phonograph Co.

(after stating the facts as above). The duty of receivers such as those in this case has been recently restated by this court as follows:

“It is the receiver’s duty to accept as part of the estate to be administered for the creditors those assets which will prove of value to the estate. _ Those which are not of value are to be left outside the field of his receivership. As to those assets which are of problematical value, it is necessary that the receiver should he allowed a reasonable time within which to determine to which class of assets they belong, whether they are of the class which he…