Central Bank and Trust Company v. General Finance Corporation

JONES, Circuit Judge.

The disposition of an earlier appeal of this case is shown by the opinion in General Finance Corporation of Fla. v. Central Bank and Trust Company, 5 Cir., 264 F.2d 869. A brief recital of the facts which were before the Court on the former appeal is necessary. Anthony Clausi, trading as Auto Wholesaler, was in the automobile business at Miami, Florida. He borrowed money in substantial amounts from General Finance Corporation and undertook to secure the loans with trust receipts on motor vehicles. Clausi carried a bank account with the appellant, Central Bank and Trust…