JORDAN v. SECURITIES CREDIT CORPORATION

No. 8313.

314 P.2d 967 (1957)

N. A. JORDAN, as Assignee for the Benefit of Creditors of Edward S. Barrett, Automobile Sales, Incorporated, an Idaho Corporation, and as Escrow Holder of the purchase price of the sale of a portion of the assets, by Motor Center of Pocatello, Inc., Vendor to the Motor Center of Pocatello, Incorporated, Vendee, Plaintiff-Respondent, v. SECURITIES CREDIT CORPORATION, a corporation, Defendant-Appellant, and J. M. Hatch, Defendant-Appellant, and Edward S. Barrett Automobile Sales Incorporated, formerly Motor Center of Pocatello, Inc.; Motor Center of Pocatello, Inc., a corporation; Motor Center of Pocatello, Incorporated, a corporation; Automobile Wholesalers, a corporation; Mendenhall's of Pocatello, Inc., a corporation; Intermountain Chevrolet Co., a corporation; Gem State Auto Co., a corporation; Pioneer Motor Co., a corporation; Bannock Motor Co., a corporation; Idaho Glass & Paint Co., a corporation; Electric Service Co., a corporation; Hall Machine & Motor Supply Co., a corporation; Billmeyer's Wholesalers, a corporation; Bosse Motor, Inc., a corporation; Blair Fry Motor Co., a corporation; Buckendorf Motors Co., a corporation; Midwestern Auto Radiator Co., a corporation; Bullock Motor Co., a corporation; Bush Motor Co., a corporation; City Motor Co., a corporation; MacKenzie Auto Equipment, Inc., a corporation; Shaw Auto Parts Co., a corporation; Judkins Buick Sales, a corporation; Smith Hart Co., a corporation; Hooever Motor Co., a corporation; Chief Sales and Service, a corporation; Pocatello Hardware and Canvas Co., a corporation; Highway Motor Co., a corporation; American Linen Supply Co., a corporation; Anderson Auto Service, a corporation; Auto Wreckage Co., a corporation; Brandts Tire & Battery Co., a corporation; Billz Signs Co., a corporation; Bannock Lumber & Coal Co., a corporation; Bangs Stationers, Inc., a corporation; Centre Paint Co., a corporation; C. L. Electric Co., a corporation; Corbett Motor Co., a corporation; Edmark Auto Co., a corporation; Greene Plumbing and Heating Co., a corporation; Gateway Printers, Inc., a corporation; K. W. I. K., a corporation; Martin Furniture Co., Inc., a corporation; National Laundry & Linen, a corporation; Pocatello Electric Supply Co., a corporation; The Credit Bureau of Pocatello, a corporation; Moore Business Forms, Inc., a corporation; Modern Motor Co., Inc., a corporation; Ostler Glass & Paint, a corporation; Partners Structural Steel Works, a corporation; Southeast Idaho Medical Bureau, Inc., a corporation; Statewide Plumbing and Heating Co., Inc.; 20th Century Motors, a corporation; Pixton Motor Co., a corporation; State Hardware Co., a corporation; Troy Parisian Co., a corporation; Vogt Sheet Metal Co., a corporation; Auto Supply Co., a corporation; Lombard Motors, a corporation; Auto Parts Service Co., a corporation; Bryan and Company, a corporation; Idaho Bank & Trust Co., a corporation; Bank of Eastern Idaho, a corporation; Idaho Finance Co., a corporation; Westcott Oil Co., a corporation; Valley State Bank, a corporation; Western Bearings, Inc., a corporation; Ford Motor Co., a corporation; Aircraft Marine Products, Inc., a corporation; Carpenter Paper Company, a corporation; Continental Oil Co., a corporation; Curtis Industries, Inc., a corporation; Comfort Specialty Co., a corporation; Coast Bearing and Specialty Co., a corporation; W. O. Colson Co., a corporation; Draw Tite Co., a corporation; Fullwell Motor Prod., a corporation; Freeman and Freeman, Inc., a corporation; Firestone Stores, a corporation; Howard Zink Corp., a corporation; Johnson Motor Co., a corporation; Al Port Automotive Supply, a corporation; Kar Krest Corporation, a corporation; Kelite, a corporation; Kump Motor Co., a corporation; Livingston Motor, a corporation; Dealers Aids, a corporation; Meyer Welch, Inc., a corporation; Ohio Engineering Co., a corporation; Pittsburgh Plate Co., a corporation; Nutone Prod. Co., a corporation; Newton Manufacturing Co., a corporation; The Polmar Co., Inc., a corporation; The Premier Autoware Co., a corporation; Earl J. Seatch Co., a corporation; George V. Tribe Co., a corporation; Unitog Company, a corporation; Utah Engraving Co., a corporation; The Salt Lake Tribune, a corporation; Standard Oil Company of California, a corporation; Sinclair Refining Co., a corporation; Utah Oil Refining Co., a corporation; Uarco, Inc., a corporation; Vestal, Inc., a corporation; Western Auto Supply Co., a corporation; Walton Motors, a corporation; M. R. Supply Co., a corporation; Western Union, a corporation; Wane Motors, a corporation; Gulko Co., a corporation; C. Ed Flandro; Beck and Jensen; City Service Station; Louis H. Callister; Duke's Service; Gateway Cycle & Key; Hart Landscape Nurseries; Hoehnen Service; Herzog's Automotive Service; Idaho Typewriter Exchange; Zeke Hubbard Insurance; A. N. Nelson; O. K. Rubber Welders; The Quality Press; Mercury Service Center; Paul Roberts; Sheehans Welding Supplies; Shifflet Radio Service; Slack's Radiator and Battery Shop; Unction Service; N. A. Jordan & Co.; M. H. Lutz; Max Gardner; John Julian; Vern Herzog; Harold Jensen; Donald F. Nichols; United States of America; Idaho Employment Security Agency; American National Bank, a corporation; Robert Pickering; Pocatello Auto Dealers Association; Clarence Lott; Jesse Norman; Edward F. Pederson, Jr.; Earl B. Campbell; A. C. V. Book Company; A & M Auto Service; Bangs Stationers, Inc.; Barton Motors; Best Body & Paint Shop; Bannock County, Idaho, a municipal corporation; Bowman Products; Brown & Bigelow; City of Pocatello, a municipal corporation (water department); Copper City Motor; Reg. Fudge, Jr.; W. P. Fuller & Co.; Gamble-Skogmo, Inc.; Gate City Portrait; Great Stuff Products; Harold Grroms; Fred Gunther; Sam Gardner; Havins Tire Service; H. C. Products Co.; Idaho State Journal; Intermountain Equipment Co.; Iada Insurance Trust; Ken Self Motor Co.; K. J. R. L., a radio corporation; Kosanke Chevrolet; Kump Motor Car Co.; Lasley & Stalker; Lundahl Motors; Manzel; McCarty-Batterton; Metal Products Co.; Meyers & Welch; Midvale Motors, Inc.; Mountain Motors; Mountain States T. & T. Co.; M. R. Supply Co.; Newton Mfg. Co.; Evan F. Olson; Pixton Motors; R. L. Polk & Co.; R. L. Pickering; Sun Electric Co.; Wm. E. Shillito; Geo. V. Tribe; Vestal Incorporated; J. R. Warnick; C. Ed. Flandro, Inc., a corporation, Defendants-Appellants.

Supreme Court of Idaho.

Rehearing Denied September 12, 1957.


Attorney(s) appearing for the Case

Louis F. Racine, Jr., Pocatello, for appellant J. M. Hatch.

Bistline & Bistline, Pocatello, for appellant Securities Credit Corp.

Jones, Pomeroy & Jones, Pocatello, for respondent N. A. Jordan et al.

O. R. Baum, Pocatello, for other respondents.


McQUADE, Justice.

This is an action for declaratory judgment, brought by N. A. Jordan as assignee for benefit or creditors, to determine who the creditors are and what preference, if any, they may have.

Motor Center of Pocatello, Inc., a corporation, operated as an automobile agency in Pocatello, Idaho. In 1952, the corporation was sold for $33,500 to Motor Center of Pocatello, Incorporated, a corporation. There were claims against the vendor in excess of...

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