Miami Station, Inc. v. Coplan Pipe & Supply Co.

HORTON, Chief Judge.

This appeal is from a final decree which adjudicated that an agreement executed by the appellant to the appellee was an absolute assignment and good as to all sums due and to become due on certain contracts which the appellant had with a third party.

At the time of the making of the instrument in question, the appellant was indebted to the appellee in the sum of approximately $60,000, and at the same time was due approximately $50,000 from the third party. The consideration for the agreement, as recited therein, was the debt owed by the appellant to the appellee in the…