Sneeden v. . Nurnberger's Market

On 7 October, 1924, tbe defendant executed a written instrument by wbicb it assigned and transferred to Swift & Company all tbe accounts and cboses in action tben due it by its customers or at any time thereafter to become due, and authorized tbe assignee to collect tbe respective sums as they matured, tbe assignment being “continuing security” for tbe defendant’s present and prospective indebtedness to tbe assignee. Tbe defendant tben executed a “trust receipt” acknowledging possession of tbe assigned papers for tbe purpose of collection and remittance to Swift & Company, who at tbe same…