IN RE JAY-NORM CORPORATION

No. 85778.

174 F.Supp. 866 (1958)

In the Matter of JAY-NORM CORPORATION, a California corporation, Bankrupt.

United States District Court S. D. California, Central Division.

December 30, 1958.


Attorney(s) appearing for the Case

Craig, Weller & Laugharn, Los Angeles, Cal., for trustee.

Richard E. Erwin, Los Angeles, Cal., for petitioner on review.


BYRNE, District Judge.

Prior to bankruptcy, Jay-Norm Corporation as lessee and Haig M. Prince as lessor executed a lease covering real property which provides for monthly installments of rent to be paid on the 25th day of each month. The lease also provides that if bankruptcy is filed by the tenant and remains for a period in excess of five days, this fact shall, at the option of the lessor, be deemed a breach of...

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