MANUFACTURERS TRADING CORPORATION v. ROBERTS

No. 10728.

138 F.2d 806 (1943)

MANUFACTURERS TRADING CORPORATION v. ROBERTS. In re BANNING MILLS.

Circuit Court of Appeals, Fifth Circuit.

December 1, 1943.


Attorney(s) appearing for the Case

Alfred H. Sachs, of Cleveland, Ohio, and Sidney I. Rose, of Atlanta, Ga., for appellant.

R. O. Jones, of Newnan, Ga., and Shirley C. Boykin, of Carrollton, Ga., for appellee.

Before SIBLEY, HOLMES, and WALLER, Circuit Judges.


PER CURIAM.

Under the financing arrangement between appellant and Banning Mills, the latter assigned its accounts to appellant for seventy-five per cent of the face value of the accounts to be paid at the time of the assignment. The remaining twenty-five per cent, "less the charge covering the cost and expense of credit investigation and credit and fidelity insurance, auditing, accounting, interest, clerical help, bookkeeping, exchange, postage, etc., which charges...

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