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JAMES TALCOTT, INC. v. COLLIER

No. 21887.

357 F.2d 23 (1966)

JAMES TALCOTT, INC., Appellant, v. William H. COLLIER, Trustee in Bankruptcy of J. A. Riley Lumber Co., Inc., Bankrupt, Appellee.

United States Court of Appeals Fifth Circuit.

March 1, 1966.

Attorney(s) appearing for the Case

Samuel Tenenbaum, Birmingham, Ala., Leader, Tenenbaum, Perrine & Swedlaw, Birmingham, Ala., of counsel, for appellant.

George I. Case, Jr., Birmingham, Ala., McGowen & McGowen, Birmingham, Ala., of counsel, for appellee.

Before TUTTLE, Chief Judge, and RIVES and GEWIN, Circuit Judges.

GEWIN, Circuit Judge:

Several months prior to its bankruptcy, J. A. Riley Lumber Co., Inc. (Riley) entered into a written contract with appellant James Talcott, Inc. (Talcott) for the financing and purchasing of accounts receivable under the provisions of the Alabama Assignment of Accounts Receivable Act (ARA), Title 39, Sections 207 et seq., Code of Alabama 1940, as amended.1 Pursuant to that contract, Riley assigned to Talcott accounts...

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