Bank of Augusta v. Westinghouse Electric Corp.

Pannell, Judge.

Where Corporation A, the operator of a retail appliance store, and indebted to Corporation B upon a mortgage on its stock of goods, wares and merchandise, entered into a parol agreement with Corporation B whereby Corporation B took possession of all the assets of said appliance store with authority “to hold and manage the retail business so conducted” by Corporation A until the indebtedness covered by the mortgage was paid, and one of Corporation B’s employees became an officer of Corporation A, and during the course of such management employees of Corporation B, acting in the…