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UNION BANK & TRUST CO. v. AZAR

No. 20025.

316 F.2d 433 (1963)

UNION BANK & TRUST CO., Appellant, v. George B. AZAR, as Trustee in Bankruptcy of Edward Carl Coreyale, Bankrupt, Appellee.

United States Court of Appeals Fifth Circuit.

April 19, 1963.

Attorney(s) appearing for the Case

William A. Oldacre, Montgomery, Ala., for appellant.

Albert W. Copeland, Montgomery, Ala., for appellee.

Before TUTTLE, Chief Judge, and POPE and JONES, Circuit Judges.

JONES, Circuit Judge.

The appellant, Union Bank & Trust Co., here referred to as the bank, agreed to finance the purchase of some laundry machinery and equipment for Edward Carl Coreyale, doing business as Dixie Laundry Machinery Co. Pursuant to the agreement the vendors shipped the goods under order bills of lading and sent the bills of lading to the bank attached to drafts for the price of the goods covered by the bills of lading. On arrival, the goods were...

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