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IN RE PRINCE

No. 341.

89 F.2d 681 (1937)

In re PRINCE et al. NEW YORK CREDIT MEN'S ASS'N v. SCHNUR.

Circuit Court of Appeals, Second Circuit.

May 3, 1937.

Attorney(s) appearing for the Case

Reit & Kaminsky, of New York City (Max Schnur and Hyman J. Reit, both of New York City, of counsel), for appellant.

Benjamin Siegel, of New York City (Benjamin Siegel and Benjamin Brownstein, both of New York City, of counsel), for appellee New York Credit Men's Ass'n.

Before MANTON, SWAN, and AUGUSTUS N. HAND, Circuit Judges.

AUGUSTUS N. HAND, Circuit Judge.

Meyer Prince and George Prince, a copartnership doing business as Paris Maid Dress Company, and also as Prince Dress Company, made agreements with the appellant Max Schnur under which they were to assign to Schnur certain of their accounts for merchandise as collateral security for loans thereon, and Schnur was to advance 70 per cent. of the face of the accounts. The agreements provided for payment by the borrowers of a service charge...

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