CITIZENS NAT. TRUST & SAVINGS BANK v. GARDNER

Nos. 11485, 11486.

161 F.2d 530 (1947)

CITIZENS NAT. TRUST & SAVINGS BANK OF LOS ANGELES v. GARDNER (two cases).

Circuit Court of Appeals, Ninth Circuit.

April 28, 1947.


Attorney(s) appearing for the Case

Henry Merton, of Los Angeles, Cal., for appellant.

Frank M. Chichester, of Los Angeles, Cal., for appellee.

Before MATHEWS, STEPHENS and ORR, Circuit Judges.


ORR, Circuit Judge.

These are consolidated appeals from orders of the District Court confirming the orders of a Referee in Bankruptcy which held void a chattel mortgage given by the bankrupts (Mr. and Mrs. Rell) to appellant.

The Rells, on May 4, 1945, entered into a three party escrow agreement to purchase a garage business and equipment from one Wilson, with part of the purchase price to be paid from funds loaned to the Rells by appellant bank. In consideration...

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