Mintz v. Joseph Clavin & Co.

The plaintiffs-respondents, by their brief, concede the sole and determinative issue on this appeal to be whether they are bound by the composition agreement between the corporate defendant-appellant and its creditors; if not, then the judgment should be affirmed, otherwise it should be reversed, and the complaint dismissed.

On this record, we find that plaintiffs, through the plaintiff, Lee R. Mintz, a member of the committee of creditors of the corporate defendant, became parties to the composition agreement between said defendant and its creditors, thereby obligating plaintiffs to accept…