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M. RUTKIN ELECT. SUP. CO. v. BURDETTE ELECT.

98 N.J. Super. 378 (1967)

237 A.2d 500

M. RUTKIN ELECTRIC SUPPLY CO. INC., A NEW JERSEY CORPORATION, PLAINTIFF, v. BURDETTE ELECTRIC, INC., A NEW JERSEY CORPORATION, DEFENDANT.

Superior Court of New Jersey, Chancery Division.

Decided December 20, 1967.

Attorney(s) appearing for the Case

Mr. Robert E. Cowen, receiver pro se.

Mr. Theodore C. Mirabella for B.J. Builders, Inc.

Mr. Lawrence Cooper for Milton Rabin (Messrs. Schapira, Steiner & Walder, attorneys).

MINTZ, J.S.C.

Defendant Burdette Electric, Inc. (Burdette) was adjudicated an insolvent corporation on June 26, 1964 and a receiver was appointed.

Among the accounts receivable held by Burdette was one owed by B.J. Builders, Inc. This account receivable was allegedly assigned by Burdette to one Milton Rabin by reason of advances to Burdette on certain promissory notes made by it to Rabin dated February 19, 1964 and March 4, 1964.

A financing statement...

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