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BROWN v. PRESBYTERIAN MINISTERS FUND

No. 72-1431.

484 F.2d 998 (1973)

Francis Shunk BROWN 3rd Esq. Trustee in Bankruptcy for I. J. Knight Realty Corp., Appellant, v. PRESBYTERIAN MINISTERS FUND, a Pennsylvania corporation.

United States Court of Appeals, Third Circuit.

Finally Submitted May 30, 1973.

Decided September 7, 1973.

Attorney(s) appearing for the Case

Arthur E. Newbold, III, Dechert, Price & Rhoads, Philadelphia, Pa., for appellant.

Bernard J. Smolens, Schnader, Harrison, Segal & Lewis, Philadelphia, Pa., for appellee.

Before BIGGS, HASTIE and GIBBONS, Circuit Judges.

BIGGS, Circuit Judge.

This is a suit brought by Francis Shunk Brown, 3rd, Esquire, Trustee in Bankruptcy for I. J. Knight Realty Corporation (Knight), against Presbyterian Ministers Fund, Inc. (Presbyterian) to recover $97,789.45, together with interest and costs for the benefit of the estate. The following facts are largely undisputed, appearing from the record or stipulated by counsel, or appearing from letters of counsel, or from admissions at a post-argument conference...

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