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COMMERCIAL STANDARD INS. CO. v. MERIT CLOTHING CO.

No. A-9863.

377 S.W.2d 179 (1964)

COMMERCIAL STANDARD INSURANCE COMPANY et al., Petitioners, v. MERIT CLOTHING COMPANY, Respondent.

Supreme Court of Texas.

March 25, 1964.

Attorney(s) appearing for the Case

Malone, Seay & Gwinn, Dallas, Moore & Lipscomb, Paris, for petitioners.

T. D. Wells, Paris, for respondent.

STEAKLEY, Justice.

The subject matter of this case is an assignment for the benefit of creditors which is governed by Article 261 et seq., Vernon's Annotated Civil Statutes. The suit was by Merit Clothing Company, a corporation, a non-consenting creditor, who is Respondent here, against John Black, the assignee, and his bonding company, Commercial Standard Insurance Company, Petitioners here. The judgment of the trial court that

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