Bridgers v. . Hart

If an officer of a corporation, within four months of bankruptcy, advances money out of bis own funds to defray bis expenses to a distant city for tbe purpose of making investigation for tbe corporation, when tbe directors have agreed tbat tbe money so advanced would be repaid upon bis return, does such repayment constitute a voidable preference as contemplated by tbe bankruptcy law?

One branch of this litigation was considered by this Court and reported in 198 N. C., 494. Tbe pertinent element of a voidable preference applicable to tbe facts in tbe ease at bar, is thus stated in 4 Remington…