Walton v. Hymans

Plaintiff, EL El. Walton, of Louisa county, Virginia, sold lumber to defendant, Herman E. Elymans, of Detroit, doing business as Commercial Lumber Products, resulting in an indebtedness to plaintiff in the sum of $24,195.48, largely evidenced by promissory notes. On December 26, 1937, Hymans filed a petition in bankruptcy and the Equitable Trust Company of Detroit was appointed receiver. Plaintiff filed his claim in the amount stated and it was allowed in the bankruptcy proceedings. On May 3, 1938, after the allowance of the claim, Walton and Hymans entered into a contract whereby Walton…