TAYLOR v. QUITTNER

No. 13834.

218 F.2d 549 (1954)

TAYLOR et al. v. QUITTNER. QUITTNER v. TAYLOR et al.

United States Court of Appeals Ninth Circuit.

Rehearing Denied January 15, 1955.


Attorney(s) appearing for the Case

John W. Preston, Millsap & Schaumer, Los Angeles, Cal., for appellants.

Gendel & Raskoff, Los Angeles, Cal., for appellee.

Before STEPHENS and FEE, Circuit Judges, and McCORMICK, District Judge.


JAMES ALGER FEE, Circuit Judge.

The bankrupt was engaged in buying and selling used automobiles. Taylor agreed to finance the operations at six per cent interest upon the deposit with the Taylor Company, his corporate personality, of title documents and the giving of trust receipts upon purchased cars. He personally was also placed on the payroll with payment of $1,000 a month for each $25,000 advanced to bankrupt. Subsequently, when he found that bankrupt was selling...

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