In re the Receivership of the Punnett Cycle Manufacturing Co.
New York Supreme Court
Motion to confirm the report of a referee upon a reference to settle controversies .arising between creditors of the Punnett Cycle. Company and receiver of the company.
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Motion to confirm the report of a referee upon a reference to settle controversies .arising between creditors of the Punnett Cycle. Company and receiver of the company. The Shipman Manufacturing Company, as the assignee of the receiver of the Shipman Engine Manufacturing Company, excepted to the disallowance-by the referee of a claim for prospective profits as damages for the breach of an alleged agreement of the cycle company to take certain goods ordered by that company of the receiver of the Shipman Engine Company while the receiver was engaged in carrying on the business of the company…
1Opinion of the CourtNash, J.
The finding of the referee upon the. claim of the Ship-man Manufacturing Company should be confirmed, not, as it seems to me, because the claim for future profits in favor of the receiver of the Shipman Engine Manufacturing Company was not assignable, but because the proposal of the receiver and its acceptance by the Punnett Cycle Manufacturing Company did not constitute a contract so far obligatory upon the parties as to entitle the receiver to recover damages for loss of future profits upon goods not manufactured.
• The receiver of the Shipman Engine Manufactming Company had limited…
2Cited by1 opinion
- Delbridge v. Kaukauna Fibre Co.Wisconsin Supreme Court · 1917