Peurifoy, Rec'r v. Continental Finance Co.

The opinion of the Court was delivered by

Mr. Acting Associate Justice John I. Cosgrove.

The American Bank & Trust Company, of Columbia, closed its doors in June, 1926, and in the above-entitled cause of Rice v. City of Columbia, Hon. Jas. E. Peurifoy was appointed its receiver.

This action was brought by him, as receiver, in March, 1928, against the above-named appellant, Continental Finance Company, seeking instructions as to the payment of a claim filed by that company with him.

The Court was asked to determine whether or not the finance company was entitled to have its claim under four…