Grogan v. Chesebrough-Ponds, Inc. (In Re Advance Glove Manufacturing Co.)
United States Bankruptcy Court, E.D. Michigan
1Opinion of the Court
OPINION
GEORGE BRODY, Bankruptcy Judge.
The question presented is whether the delivery of a check is equivalent to payment for the purpose of section 547(c)(2).
The facts have been stipulated and are as follows:
1. Chesebrough-Ponds, Inc. (defendant) sold to the Joseph Frenkel Division of Advance Glove Manufacturing Company (debtor) certain merchandise by invoice dated December 11, 1980.
2. The merchandise was delivered to the debtor on or about December 11, 1980.
3. The terms of sale provided that the debtor was to receive a 1% discount if the invoice was paid within 30 days.
On or about January…
2Cases cited22 opinions
- United States v. American Trucking AssociationsSupreme Court of the United States · 1940
- Richards v. United StatesSupreme Court of the United States · 1962
- Train v. Colorado Public Interest Research Group, Inc.Supreme Court of the United States · 1976
- United States v. Missouri Pacific RailroadSupreme Court of the United States · 1929
- Brotherhood of Railroad Trainmen v. Toledo, Peoria & Western RailroadSupreme Court of the United States · 1944
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- Chaitman v. Paisano Automotive Liquids, Inc. (In Re Almarc Manufacturing, Inc.)United States Bankruptcy Court, N.D. Illinois · 1986
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