SIMMONS HARDWARE CO. v. RHODES

No. 6771.

7 F.2d 352 (1925)

SIMMONS HARDWARE CO. et al. v. RHODES et al.

Circuit Court of Appeals, Eighth Circuit.

June 15, 1925.


Attorney(s) appearing for the Case

Arthur L. Adams, of Jonesboro, Ark. (Morton Jourdan and Fred L. English, both of St. Louis, Mo., H. M. Cooley and Robert E. Fuhr, both of Jonesboro, Ark., and George N. Dunn, of St. Louis, Mo., on the brief), for plaintiffs in error.

J. T. Coston, of Osceola, Ark. (W. J. Driver and S. R. Simpson, both of Osceola, Ark., on the brief), for defendants in error.

Before SANBORN, Circuit Judge, and POLLOCK and SYMES, District Judges.


POLLOCK, District Judge.

The record in this case brings before this court for review this question: What is the legal effect of a written trust agreement of general assignment of all the property of a debtor for the benefit of creditors; said assignment being conditioned by a parol contemporaneous agreement that the debtor is to have all its debts absolutely satisfied and extinguished as a consideration for the making of the assignment?

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