IN RE FREY


15 F.2d 871 (1926)

In re FREY.

District Court, D. Minnesota, First Division.

November 24, 1926.


Attorney(s) appearing for the Case

Brown, Somsen & Sawyer, of Winona, Minn., for petitioner.

E. V. Knauf, of Winona, Minn., for trustee.


JOHN B. SANBORN, District Judge.

The bankrupt, on December 31, 1925, gave to F. E. Brown, the petitioner, his note for $700 payable one year after date, and to secure its payment executed a chattel mortgage upon all of his store fixtures and stock in trade, including certain radios. The mortgage, which was a Minnesota contract, contained these provisions:

"Stock to be kept up to $500 in value wholesale at all times, permission being given to sell stock and...

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