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PENN NATIONAL HARDWARE MUTUAL v. GENERAL FINANCE CORPORATION

No. 5254.

25 F.2d 22 (1928)

PENN NATIONAL HARDWARE MUTUAL et al. v. GENERAL FINANCE CORPORATION.

Circuit Court of Appeals, Fifth Circuit.

March 26, 1928.

Attorney(s) appearing for the Case

Allen R. Grambling, of El Paso, Tex. (Jones, Hardie & Grambling, Lea, McGrady, Thomason & Edwards, and McBroom & Scott, all of El Paso, Tex., on the brief), for plaintiff in error.

Joseph G. Bennis, Wm. H. Burges, and A. H. Culwell, all of El Paso, Tex., for defendant in error.

Before WALKER, BRYAN, and FOSTER, Circuit Judges.

BRYAN, Circuit Judge.

This case involves a claim by the plaintiff, General Finance Corporation, for alleged losses arising out of its purchase of fictitious obligations, consisting of mortgages or conditional bills of sale of automobiles. The obligations were designated as wholesale or retail, depending upon whether they purported to be executed by automobile dealers or by individual purchasers of automobiles from dealers. This is a second appeal by defendant, Penn...

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