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PIEDMONT ICE & COAL CO. v. AMERICAN SERVICE CO.

No. 4936.

130 F.2d 78 (1942)

PIEDMONT ICE & COAL CO. v. AMERICAN SERVICE CO.

Circuit Court of Appeals, Fourth Circuit.

August 7, 1942.

Attorney(s) appearing for the Case

Robert H. Frazier, of Greensboro, N. C. (Clifford Frazier, of Greensboro, N. C., on the brief), for appellant.

Julius C. Smith, of Greensboro, N. C. (Smith, Wharton & Jordan, of Greensboro, N. C., and Poppenhusen, Johnston, Thompson & Raymond, of Chicago, Ill., on the brief), for appellee.

Before DOBIE and NORTHCOTT, Circuit Judges, and TIMMERMAN, District Judge.

DOBIE, Circuit Judge.

On or about February 1, 1929, the Piedmont Ice & Coal Company (hereinafter called Piedmont), a North Carolina corporation with its principal office at Greensboro, sold and conveyed its ice and coal plant in Greensboro to Community Ice & Utilities Company (hereinafter called Community Utilities) for $200,000 in cash, and Community Utilities agreed further to take over and pay for the current inventory of materials then on hand. Almost...

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