English v. Richardson

The defendant contends that the deposit of $500 was not property vesting in the trustee under the terms of the bankruptcy act and that it, therefore, passed under the lease and the agreement of November 6; the plaintiff maintains that the defendant took no interest in the fund beyond the accrued rentals, since future rentals do not constitute a provable claim under the act. Neither position correctly states the rights of the parties.

The deposit was made with the defendant pursuant to a clause in the lease which recited that “Said Graham and Plaisted are this day paying said Richardson Five…