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IN RE UNITED NETWORK, INC.

No. 532, Docket 71-1861.

459 F.2d 556 (1972)

In the Matter of UNITED NETWORK, INC. (formerly called Jaymac, Inc.), Debtor, Individually and as General Partner of United Network Company, a limited partnership, and United Network Company, a limited partnership, Debtor.

United States Court of Appeals, Second Circuit.

Decided May 8, 1972.

Attorney(s) appearing for the Case

William R. Glendon, New York City (Royall, Koegel & Wells, New York City, Joseph H. Spain and William Haney, III, New York City, with him on the brief), for United Network, Inc., appellee.

Edward L. Blanton, Jr., of Adelberg, Rudow & Blanton, Baltimore, Md. (Samuel Newfield, New York City, with him on the brief), for LewRon Television, Inc., appellant.

Before MURRAH, KAUFMAN and OAKES, Circuit Judges.

MURRAH, Circuit Judge:

The claim and counterclaim in this Chapter XI reorganization proceeding arise out of a complicated contract between the debtor corporation and one of its creditors. The case ultimately turns on the interpretation of this contract and the applicability of § 7-101 of the New York General Obligations Law, McKinney's Consel.Laws, c. 24-a. Both the bankruptcy referee and the District Court gave controlling effect to the statute and granted judgment...

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