ROBINSON, J.
The controversy in this appeal is between A.N. Rawlings and C.W. Michael, on the one hand, and Kenneth H. Weber, as receiver of the Ridgefield Lumber Association, Inc., an insolvent corporation, on the other. The background of the matter is as follows:
Beginning sometime in 1946, the corporation operated a sawmill in Ridgefield, Washington. Later, in 1947, it seemed advisable to the corporation to make some arrangement to
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