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LEVY v. CARTER RICE & CO.

136 Conn. 216 (1949)

LAWRENCE E. LEVY, TRUSTEE v. CARTER RICE AND COMPANY

Supreme Court of Connecticut.

Decided November 29, 1949.

Attorney(s) appearing for the Case

George N. Finkelstone, with whom, on the brief, was L. S. Finkelstone, for the appellant (plaintiff).

Johnson Stoddard, with whom was Alvin C. Breul, Jr., for the appellee (defendant).

MALTBIE, C. J., BROWN, JENNINGS, ELLS AND DICKENSON, JS.

JENNINGS, J.

The trustee in bankruptcy of Bochan Brothers, Inc., brought suit to recover the value of a quantity of paper which Bochan had returned to the defendant for credit, claiming that the transaction amounted to a voidable preference under § 60b of the Bankruptcy Act. 52 Stat. 870, 11 U. S. C. § 96 (b). Under the act, a preference is voidable if the creditor who receives property of the bankrupt has, at the time of the transfer, "reasonable cause...

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