McCarter v. Finch

Pitney, V. C.

The petitioner is a receiver appointed by this court of the assets of a corporation named the Sherman & Lyon Company, upon proceedings in insolvency, and as such receiver made a written contract with the respondents for the sale to them, at a price named, of all the assets of the insolvent company. The contract declared that it was subject to the approval of the court, and such approval was had. The time fixed By the terms of the contract for payment having passed, the receiver applied by petition for an order on' the respondents to show cause why they should not be ordered to…