Brooks v. Ray Young Parsons Co.

— The chief question involved in this lawsuit is whether the defendant, the Bay Young Parsons Company, a corporation, was insolvent at the time it gave the chattel mortgage hereinafter mentioned.

On June 12, 1921, and for a long time prior thereto, that company (hereinafter called defendant) conducted a bakery-restaurant in the city of Seattle. It was indebted to the appellant, Schwabacher Brothers & Company, Incorporated, on an old account for groceries furnished in the sum of $5,600. On the date above mentioned, it gave to the Schwabacher Company a chattel mortgage covering all of its…