Taylor v. Quittner. Quittner v. Taylor

JAMES ALGER FEE, Circuit Judge.

The bankrupt was engaged in buying and selling used automobiles. Taylor agreed to finance the operations at six per cent interest upon the deposit with the Taylor Company, his corporate personality, of title documents and the giv-. ing of trust receipts upon purchased cars. He personally was also placed on the payroll with payment of $1,000 a month for each $25,000 advanced to bankrupt. Subsequently, when he found that bankrupt was selling cars to others without accounting to the creditor company for its trust receipts, he insisted upon being and was named…