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IN RE LAMINATED VENEERS CO., INC.

No. 114, Docket 72-1473.

471 F.2d 1124 (1973)

In the Matter of LAMINATED VENEERS CO., INC., Bankrupt. COMMERCIAL TRADING COMPANY, INC., Petitioner-Appellant, v. I. Robert BASSIN, as Trustee in Bankruptcy of Laminated Veneers Co., Inc., Respondent-Appellee.

United States Court of Appeals, Second Circuit.

Decided January 15, 1973.

Attorney(s) appearing for the Case

Samuel Gutterman, New York City (Alexander H. Rockmore, New York City, of counsel), for appellant.

Arutt, Nachamie, Benjamin & Ruben, New York City (William S. Kaye, New York City, of counsel), for appellee.

Before LUMBARD, FEINBERG and OAKES, Circuit Judges.

OAKES, Circuit Judge:

Appellant made a secured loan to the bankrupt, Laminated Veneers Co., Inc., which was validly executed on December 20, 1968. The covering security agreement specifically pledged items (including a truck) described in its Schedule A and generally pledged other items through an "omnibus clause" set out in the margin below.1 The omnibus clause gave the appellant a valid secured...

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