Legal Opinion
Guaranty Security Corp. v. Reed
Court of Appeals for the First Circuit
Decided June 12, 1924No. Nos. 1750, 1751PublishedCited by 2 opinions
1Opinion of the Court
ANDERSON, Circuit Judge.
In these two preference suits the trustees in bankruptcy of the Massachusetts Motors Company prevailed; in No. 1750, the decree was for $10,000; in No. 1751, for $8,318. The salient facts are stated by the District Court as follows:
“The defendant lent money to the bankrupt and took as security instruments covering certain motor cars, one of the terms of the instrument being that title to the cars should not. pass till the loans were paid. By the arrangement between the parties, as soon as a car was sold the loan on that car was to be paid at once. This arrangement was…
2Cases cited4 opinions
- Guaranty Security Corp. v. Eastern Steamship Co.Massachusetts Supreme Judicial Court · 1922
- Flanders Motor Co. v. ReedCourt of Appeals for the First Circuit · 1915
- In re HarringtonDistrict Court, D. Massachusetts · 1914
- Federal Finance Corp. v. ReedCourt of Appeals for the First Circuit · 1924
3Cited by2 opinions
- H. W. Glessner, Trustee in Bankruptcy of Marvin K. Dunagan, Bankrupt v. Massey-Ferguson, Inc., a CorporationCourt of Appeals for the Ninth Circuit · 1966
- Harding v. Federal Nat. BankCourt of Appeals for the First Circuit · 1929