In Re Loeb Piano Co.

LAND, Justice.

The Harry B. Loeb Piano Company, Inc., now in liquidation, was a Louisiana corporation domiciled in the city of New Orleans, and there engaged in the sale of radios and musical instruments.

When-a sale was made on time, a contract, styled a lease, was entered into by the late company and its local customer.

The corporation, through its officers, would make up lists of these contracts and forward them to the Bankers’ Commercial Security Company, a New York concern, with an offer to sell.

The Bankers’ Commercial Security Company would accept some of these contracts and reject others,…