Drexel Furniture Co. v. Bank of Dearing

In this case, which began by a petition for receiver, injunction, etc., the question of the priority of the claim of the Bank of Dearing over other general creditors of Culpepper Brothers, a firm composed of A. B. Culpepper and George S. Culpepper, was involved, the bank having filed an intervention in the receivership matter. The claim of the bank consisted of a verdict and judgment in the superior court, dated October 5, 1931, against A. B. Culpepper as maker, and George S. Culpepper as indorser, for stated amounts, principal, interest, and attorney’s fees. The question involved arose upon…