In the Matter of Quinco Corporation, Bankrupt. Maurice W. Quinn and Chattanooga Venetian Blind Co., Inc. v. G. Royal Neese, Trustee in Bankruptcy

PHILLIPS, Circuit Judge.

This bankruptcy case arises out of one transaction which resulted in three separate debts. The seller was Maurice Quinn, trustee, 1 and the buyers were C. D. Groner, an individual, and Quinco Inc., of which Groner was the sole stockholder.(1) Quinn, trustee, sold Groner, individually^ certain real estate, payment for which was secured by a deed of trust on the real estate.(2) Quinn, trustee, sold certain personal property to Quinco Inc., which was the principal debtor on the note for $55,000. Payment of this $55,000 note was guaranteed personally by Groner and secured…