L. HAND, Circuit Judge.
This is a suit in equity to recover a preference made by the bankrupt, the Yarns Corporation of America, to the defendant, the Viscose Company. Only two questions are involved: First, whether a payment on account is a preference if, when made, it is no more than the dividend which would then be recoverable on the whole claim; second, whether the Viscose Company had reasonable cause to suppose that the payment would effect a preference. The...
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