Lowenthal v. Standard Oil Co. of N.Y., Inc.

The case was submitted upon an agreed state of facts. Samuel Cherish conveyed a tract of land to Middlesex Roadside Rest, Incorporated, a corporation formed by him for that purpose. The corporation graded the tract and erected several houses. Upon a bill filed by the Standard Oil Company, a judgment creditor of Cherish, the conveyance was set aside as fraudulent and the property ordered sold to make the money. Thereupon, creditors of the Middlesex Roadside Rest, Incorporated, filed a bill and obtained a decree declaring the corporation insolvent and a receiver was appointed, who filed the…